Shipyard in Junk Bay near the village Hang Hau, opened 1962. Here heavy sailboats and big motor yachts were manufactured. Most work was done by hand, many carpenters were busy to build boats. From 1962 onwards, they were concentrating more on the diesel-powered cruise boats.
In 1968, American Marine built a shipyard in Singapore and moved activities more and more to this location. 1975, the Hong Kong branch was in bankruptcy, the premises were taken over by Joseph Kong (former general manager of American Marine) and Harvey Halvorson who formed Kong & Halvorsen Marine & Engineering Company, Ltd.
This company continued shipbuilding in Hong Kong until the mid 1980s when they moved the business to mainland China because of reclamation of parts of Junk Bay.
More details here: American Marine Limited