The two sides announced the deal in October, but were unable to agree on the allocation of risks and responsibilities related to soil stability, and seismic and environmental conditions at the former pulp mill and tissue plant. Seattle-based Saltchuk planned to redevelop the deepwater facility as a ship yard and terminal for Foss Maritime, a large tug and barge subsidiary that operates in the Pacific Rim. In October, Saltchuk said Foss Maritime’s yard 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.
The facility would have supported about 250 jobs.
TOTE operates in the domestic Alaska trade from the Port of Tacoma and in the Puerto Rico trade through its subsidiary Sea Star. It also includes TOTE Logistics and Alaskan trucking company Carlisle Transportation. Saltchuk recently announced the acquisition of Tropical Shipping, which serves the Bahamas and the Caribbean.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now