In October, Saltchuk Resources signed an agreement to buy 66 acres on the Everett, Wash., waterfront, where it intends to relocate its Seattle shipyard.
Seattle-based Saltchuk intends to move its Foss Maritime shipyard from Seattle to Everett in about three years. The agreement with Kimberly-Clark, reached in October, calls for a four-month due diligence period, followed by adequate time to close the deal. The sale is expected to close in the second quarter of 2014.
The Foss shipyard in Seattle is located on the Ship Canal inside the Ballard Locks, a location that is not accessible to larger vessels and is too small for future expansion, according to Foss. The headquarters offices for Saltchuk and Foss Maritime will remain in Seattle.
“We see tremendous opportunity and potential for further growth at the Everett site, a deepwater port with unrestricted waterways,” said Saltchuk Chairman Mark Tabbutt. About 250 shipyard workers will relocate from Seattle to Everett, which is about 25 miles north. Kimberly-Clark and its predecessors operated paper pulp and tissue mills on the site from 1931 to 2012.
Foss’s Seattle shipyard is currently working on the construction of two 108’×35′ fireboats for the Port of Long Beach, Calif. These are the first newbuilds for the Seattle yard, which had specialized in repair and conversion work. The fireboats are due to be delivered in 2014.
Foss also owns and operates a newbuild yard on the Columbia River in Rainier, Ore. Current projects there include the construction of three Arctic-class tugs for Foss.