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Swiftships files for Chapter 11 protection
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Swiftships files for Chapter 11 protection
Morgan City, La.-based shipbuilder Swiftships LLC filed for Chapter 11 protection on March 18 in the U.S. Bankruptcy Court for the Western District of Louisiana. The company reported $10 million to $50 million in assets and $10 million to $50 million in liabilities. Established in 1942, since when it has delivered more than 1,000 vessels, Swiftships was the builder of the legendary Vietnam era Swift Boats. Back in December 2024, the U.S. Navy ca…
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