Port Freeport Reaches Settlement on Berth 7 (USA)

Port Freeport has announced that they have reached a settlement with multiple companies related to the investigation, redesign and repairs to the failure of the Berth 7 project.

Berth construction started in 2007 and hopes were high until the completed berth began to show signs that there were stability issues. This started a four year process to save, investigate and rebuild the berth.

“The net result of the Port’s efforts which followed the redesign and reconstruction was that the berth was saved and we have reached a settlement with all parties totaling $19.6 million to Port Freeport. These funds came as a result of a mediated settlement between all parties and insurance proceeds. We intend to use these funds to retire debt,” said Executive Port Director/CEO Glenn Carlson.

“Insurance claims and litigation are things that create an atmosphere where no one wins, but we are proud of the fact that we stayed the course, saved this berth and have something to show for our efforts. We are already seeing vessels call this berth and have just had our first project vessel unloading a 265,000 lb piece of equipment for one of the local plant expansion projects,” said Commission Vice Chairman Paul Kresta.

We are moving forward and pleased that Velasco Terminal is open and operational. We are also happy that we were able to bring this issue to a close and we can now place all our focus and efforts on growing the Port’s cargo volumes and supporting local industries,” said Carlson.

Press Release, September 5, 2013

Share this article

Follow Dredging Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

2019 Western Dredging Association Gulf Coast Chapter Annual Meeting

The meeting will provide a forum for the exchange of information of interest to the dredging industry and its associates.

read more >

Global Dredging Forum

2 day conference on the commercial activities of ports. How to meet the global demands of new vessels in an increasingly competitive market.

read more >

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE INDIA

At this 1-day conference, you will experience what it means to apply this new approach in practice.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply