Swiftships, LLC has filed for Chapter 11 bankruptcy. The Morgan City, Louisiana-based shipbuilder is restructuring its finances while continuing operations under court supervision.
Swiftships, LLC Enters Bankruptcy Proceedings
The company filed a voluntary Chapter 11 petition on March 18, 2026. Case details are available on PACER. Proceedings are taking place in the U.S. Bankruptcy Court for the Western District of Louisiana.
Court filings classify Swiftships as a corporation, which can include LLCs and LLPs.
Attorney Ryan J. Richmond of Sternberg, Naccari & White, LLC is offering legal representation to the company. Shahraze Shah has been named as the authorized representative who signed the petition before it was filed.
Company Background
Swiftships, LLC has been designing, building, and maintaining a wide range of military and commercial vessels since its establishment in 1942. The company expanded globally beginning in 1979, eventually building six shipyards worldwide.
It has built more than 1,000 military and commercial vessels. The company also has four operating shipyards in Louisiana, Texas, and Mississippi, as well as joint ventures in Singapore.
According to the company website, it owns over 120 designs and intellectual property assets. In addition, the company serves clients across 53 countries.
Its services include design and engineering, system integration, MRO, and service life extension. The company specializes in aluminum fabrication, utility boats, large oceangoing barges, specialty vessels, and crew boats.
Filings So Far
PacerMonitor reports that Swiftships, LLC submitted a 23-page petition for a fee amount of $1,738. Key details from Chapter 11 include:
- Filing Date: March 18, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Western District of Louisiana
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-50237
- Estimated Assets: $10,000,001 to $50 million
- Estimated Liabilities: $10,000,001 to $50 million
- Reason for Filing: Restructure business under court supervision
Court records state that the company has listed between 50 and 99 creditors. The records suggest that funds will be available for distribution to the unsecured creditors.
Among the documents submitted to the court were a corporate ownership statement, a list of equity security holders, a disclosure of an attorney’s compensation, and a list of the 20 largest unsecured creditors.
Swiftships, LLC submitted several motions, including applications for continued utility services, use of cash collateral, and extension of deadlines for important documents (such as schedules).
Court filings then note the deadline for many important documents. The statement of financial affairs, summary of assets and liabilities, and Schedules A/B-H must be filed by April 1, 2026. Its creditors’ meeting is scheduled for April 8, and the Chapter 11 plan is scheduled for July 16, 2026.
Swiftships, LLC will continue operations while restructuring, with multiple filings and a creditor meeting scheduled in the coming weeks.
