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.

 

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

CEDA Dredging Days 2019

The conference is well-attended by professionals representing the entire cross-section of the dredging field…

read more >

PORTS Conference

The PORTS Conference series is internationally recognized as an outstanding opportunity to network with…

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 >

Jobs>

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

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