By Rachel Pritchett
BAINBRIDGE ISLAND — San Juan Navigation Corp., which chartered and operated ocean-going freighters carrying dry goods, has closed.
The 16-year-old company, headquartered in the shingled San Juan Building at 900 Winslow East East above the ferry terminal, had less than 18 employees, though Ed Ellis, president of the shipping company declined to give the lower number.
He said in a statement that the company fell victim to market turmoil present in the worldwide shipping market since 2008.
“It is with a very heavy heart we have been forced make this decision,” he stated. “The hardworking and dedicated staff of San Juan Navigation Corp worked tirelessly and explored every avenue to avoid this outcome but the market has proved to be unforgiving.”
Ellis stated he is working with another company to get cargoes delivered and ships to port on-time.
Ellis declined further comment with the Kitsap Sun.
