On 22 February 2024, the White House announced that as part of its 20-billion-dollar scheme to upgrade and secure the country's port infrastructure, Mitsui E&S and PACECO are planning to resume manufacturing cranes in the US.
To support the World War II demand for ships, PACECO shipyard switched over to military construction and built US Navy Tugboats.
As early as February 1920, PACECO was reported to be bidding on a contract to make alterations or improvements to a Japanese steamer in Seattle.
[3][4] Started as a mechanical engineering company, PACECO began operations in its Oakland shipyard in 1922.
The Alameda shipyard was on the south side of the Tidal Canal, just west of the Park Street Bridge on the Oakland Estuary in the San Francisco Bay Area.