Christensen Shipyards sold to former part owner

(VANCOUVER, Wash.) — Financially troubled yacht builder Christensen Shipyards has been sold to a former part owner, The Columbian reported. A Superior Court judge approved the sale of the company’s $5.5 million in assets to Henry Luken, a Tennessee businessman. Luken said he plans to expand the company's work force of 90 to “about 140 or 150" over time.

Click here to read the story.

By Professional Mariner Staff