Sustaining San Francisco’s Maritime Tradition

The San Francisco Port Commission has executed a new 20-year lease agreement with BAE Systems for maritime ship repair that will sustain San Francisco’s 150-year tradition of shipbuilding and repair.

The agreement includes a provision that could extend shipyard operations through 2045. BAE Systems San Francisco Ship Repair currently leases the Port’s Pier 70 shipyard and two floating drydocks under a 30-year lease, set to expire in December 2017.

“BAE Systems and the Port have collaborated to expand West Coast dry-docking capabilities, servicing post-Panamax ships, providing emission-free electrical power to the ships, and deepening the shipyard’s channel entrance to accommodate large ships. This agreement fortifies our alliance to sustain this industry for decades to come,” said Monique Moyer, the Port’s Executive Director.

The San Francisco Port Commission, at their meeting on March 24, 2015, unanimously approved a new long-term lease with BAE that will:

– Establish a 20-year lease term beginning April 1, 2015, with two five-year extension options;

– Institute a system of rent credits that will incentivize investments in the Port-owned equipment and buildings, revitalize these assets, and eliminate or reduce Port liability;

– Set up a shared dredging fund between the Port, BAE Systems, and the Army Corps of Engineers, that will deepen the publicly accessible channel at the entrance to the shipyard and lead the way for federal maintenance dredging in the future;

– Forge an agreement between the Port and BAE Systems for pursuing possible funding opportunities for the replacement of the Port’s post-Panamax Drydock #2.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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