Saltchuk drops plan to move Foss shipyard to Everett

MAY 1, 20014 — Plans by Saltchuck Resources to move its Foss Maritime shipyard operations to a site in Everett, WA, have been dropped.

The purchase and sale agreement for Kimberly-Clark to sell its Everett property to Saltchuk, which the two parties announced in October 2013, has been terminated.  

"Despite the fact both sides worked diligently, they were unable to agree on the allocation of risks and responsibilities related to certain soil stability, seismic and environmental conditions as they relate to Saltchuk’s proposed use of the property as a shipyard and terminal," said a statement.

Back in October, Saltchuck said that the existing Foss Maritime shipyard in Seattle, located inside the Ballard Locks, is not accessible to larger ships and is too small for future expansion, making the larger, salt-water site in Everett a more attractive long-term option,.

Want more? Subscribe now!

Subscribe to Marine Daily for breaking marine news