San Juan Navigation Corp is closing its doors after three years of "market turmoil" but working to see that voyages are completed.



Ed Ellis, the president of Bainbridge Island, Washington-based San Juan, confirms that his company is closing after 16 years despite strenuous efforts to stay afloat.



In an exclusive message to TradeWinds, Ellis addressed charterers' and head owners' concerns.



San Juan Navigation's "hardworking and dedicated" staff.