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<FILENAME>dkm394a.txt

<DESCRIPTION>EXHIBIT 10.25 - EMPLOYMENT AGREEMENT

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                              EMPLOYMENT AGREEMENT





         This Employment Agreement (this "Agreement") is made as of August 5th ,

2004, by and between Trailer Bridge, Inc. (the "Company"), and John D. McCown,

Jr.(the "Executive").



         WHEREAS, the Company desires to continue to employ Executive in

accordance with the terms and conditions stated in this Agreement; and



         WHEREAS, Executive desires to continue that employment pursuant to the

terms and conditions of this Agreement.



         NOW, THEREFORE, in consideration of the premises and of the mutual

covenants and undertakings stated herein, the parties agree as follows:



I.       Employment



         1.1 Employment As Executive. The Company hereby agrees to employ

Executive as Chairman & Chief Executive Officer ( hereafter "CEO") for a two

year term commencing the effective date of this Agreement. Executive accepts

such employment pursuant to the terms of this Agreement. Executive shall have

general and active management of the business and affairs of the Company,

subject to the control of the Board. Executive shall from time to time make such

reports of the affairs of the Company as the Board may require and shall perform

such other duties as the Board may from time to time determine. The Stockholders

have passed a resolution appointing Executive to the Company's Board.



         1.2 Term. After the initial two year term, this Agreement will

automatically be renewed for additional one year terms if Executive or the

Company fail to give the other party written notice of intent not to renew six

(6) months or more prior to the Agreement's termination date.



         1.3 Exclusive Services. Executive agrees to devote his full time,

attention, and energy to performing his duties and responsibilities to the

Company under this Agreement during the period that this Agreement is in effect.

Notwithstanding the foregoing, the Executive may (i) serve on the boards of

directors or equivalent bodies of nonprofit organizations and business entities,

(ii) undertake outside speaking and writing engagements, and (iii) continue to

engage in private investment activities, in each case provided that none of the

foregoing activities materially interferes with the performance of the

Executive's duties hereunder or creates a potential business conflict or the

appearance thereof. The Company hereby acknowledges that the Executive shall be

entitled to continue serving as a member of the board of directors of Firstmark

Corporation provided that such service does not, in the future, materially

interfere with the performance of the Executive's duties hereunder or create a

potential business conflict or the appearance thereof. The Executive shall be

entitled to retain any compensation received on account of services rendered in

accordance with this Section.



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II.      Compensation, Equity Ownership, Benefits, and Perquisites



         2.1 Salary. During the term of this Agreement, the Company shall

continue to pay Executive a salary at the annual rate of $298,320, the level of

Executive's salary since August, 2002. The salary shall be payable in accordance

with the Company's standard payroll policy. Executive's salary shall be

increased only by formal action of the Company's Compensation Committee and

Board of Directors. The salary shall be reviewed by the Compensation Committee

on an annual basis.



         2.2 Vacations.  Executive shall be entitled to four (4) weeks of paid

vacation.



         2.3 Bonuses. Bonuses shall be determined by the Compensation Committee.

The target bonus which shall serve as a guidepost for the committee will be 100%

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