Industry | |
---|---|
Founded | 1943 |
Defunct | 1989 |
Fate | Acquired by Southwest Marine |
Headquarters | , U.S. |
Northwest Marine Iron Works was a ship repair and manufacturing company in Portland, Oregon, United States. The company was established in 1943 and operated a ship repair business at the Port of Portland's Swan Island shipyard for much of its history. The company experienced financial struggles in the 1980s and was sold to Southwest Marine in 1989.
Northwest Marine Iron Works was organized in May 1943 in Portland, Oregon. It employed more than 1,000 workers by September 1944. [2] By December 1944, the company ran its ship repair operations at a harbor wall area on the Willamette River near the Burnside Bridge. [3]
Following the end of World War II, the company maintained a ship repair and ship conversion business at the Port of Portland's Swan Island shipyard. The Oregonian reported in 1968 that the company handled approximately 50 percent of the dry dock and ship repair work done in Portland. [4]
In 1974, the company entered an agreement with the Port of Portland and Pacific Alaska Line (a division of Crowley Maritime) to construct three barges for use in a trade link between Oregon and Alaska. [5]
Northwest Marine experienced financial difficulties in the 1980s, along with the other ship repair companies at the Swan Island shipyard, due to an industry-wide slump in shipbuilding and ship repair. [6] The company filed for Chapter 11 bankruptcy in 1986. At the time, it was one of two unionized ship repair companies at Swan Island, along with Dillingham Ship Repair. [7]
Southwest Marine, a San Diego-based shipbuilding company, signed an agreement to buy Northwest Marine Iron Works in March 1989. [8] The Port of Portland, one of Northwest Marine's creditors, agreed to write off a portion of the company's debt in order to facilitate the sale. Cascade General, a competing ship repair company in Portland, filed a lawsuit against the port, alleging that waiving the debt violated the port's contractual agreement with its shipyard contractors. [9] The company's sale to Southwest Marine was finalized by June 1989. [10] Southwest Marine shut down its Portland operation in 1992. [11]
As of 2025 [update] , the company's former headquarters is occupied by an artist studio space named NW Marine Art Works. [12]