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Pacific Maritime Magazine
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| April 2014 Issue |
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Property Leasing Considerations in the Maritime Industry
By Carrie A. Ivy
Many maritime businesses lease appropriately zoned land adjacent to or near waterways, and commercial leases in the maritime industry have special complexities and nuances. As compared to commercial lease agreements, maritime industry leases are often for a greater term and can include dry land, shoreline, and marine areas. It is crucial to consider limitations on shoreline development, access, use, and zoning, and there are special insurance considerations as well. There are also very often hazardous material risks or liabilities to be investigated in advance and which should be allocated in the lease document.
Permits for the use of state-owned aquatic lands and submerged lands …. (More)
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Tacoma Commission Approves Conversion Plant Lease
The Port of Tacoma Commission on May 1 unanimously approved a 30-year lease with Northwest Innovation Works Tacoma for a planned $1.8 billion plant that would convert natural gas to methanol, a colorless, biodegradable…(Read Full Article)
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Port of Portland Sells Acreage to BNSF
by Mark Edward Nero
An improving auto market and recent influx of domestically produced vehicles for regional and international markets have prompted the sale of 5.4 acres from the Port of Portland to BNSF Railway, the port …(Read Full Article)
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Port Metro Vancouver Expediting Truck
GPS Program
by Mark Edward Nero
Port Metro Vancouver and the governments of Canada and British Columbia on May 2 announced joint funding of $1.71 million for an expedited initiative to outfit the remainder of the port’s container truck fleet with Global …(Read Full Article)
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Port of Coos Bay Hires Chief Engineer
by Mark Edward Nero
The Port of Coos Bay has hired Chuck Steffensmeier as its new chief engineer, the port announced May 5…(Read Full Article)
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