Marine link
 
Articles - Ship Repair - History

Agreement Finalized For Purchase And Cleanup Of Seattle Waterfront Property

The Washington State Department of Ecology finalized the first prospective purchaser agreement under new amendments to the state's Superfund law, with Northlake Shipyard, Inc., a Seattle-based marine company. The agreement was the last hurdle before Northlake Shipyard could reopen a bankrupt shipyard along Seattle's Lake Union, the former United Marine, Inc. site.

This is also reportedly the first prospective purchaser agreement in the nation to involve a profit-sharing arrangement between a private company and a government agency. Northlake Shipyard will contribute a portion of its profits each year into a fund capped at $1.1 million to clean up the property.

In a consent decree with Ecology, Northlake Shipyard will pay $400,000 at purchase time into a cleanup fund and will contribute a portion of its profits into the fund for up to 15 years. Over 15 years, the fund is expected to accumulate $1.1 million, which is the estimated cost for cleaning up the contamination caused by past operations at the property. In return, Ecology will not hold Northlake Shipyard liable for any other cleanup costs, unless Northlake Shipyard causes further contamination. Northlake also has the option of using the funds to clean up the site under Ecology's supervision.

Northlake Shipyard will restore ship repair operations on the site, which was most recently owned by United Marine International, Inc. This is reportedly one of only two shipyards in the Seattle area capable of large repair work required on military craft.




Ship Repair History

ABB Turbocharger Repairs VTR..4 Turbine Blades
Ailsa-Perth: from sunset to sunrise
Avondale Repairs Holland America's Noordam
BethShip W i n s $ 3 4 Million Contract
BoatLIFE Offers Deck Protection Experience, Products To Cruise Ship Industry
Caridoc A Variety of Drydocking/Repair Services In the Caribbean
Companies In Southern Region Of U.S. Adjust Product, Market Focus To Remain Competitive
Del Gavio: Complete Hydraulics Service On Both Coasts
FRATELLI ORLANDO . . . . . . Resurgence of shipbuilding in Livorno
frinity Acquires Plotter Yard In Houston
Getting To Where The Gouges Reside
Impact of Propulsion Plant Choice On Maintenance
Keppel Cairncross Completes A Number Of Ship Repair Operations
Kepphil Shipyard Delivers First Of Two Tankers
Making It A Clean Sweep
McDermott Completes First Year In Mexice
NASSCO Invests In Technology To Capture Commercial Business
Orkot Helps Repair Iceberg Damage To Tanker, Overseas Okie
Petrobras Block Booking For ASRY
Promotions For Newport News' Top Executives
QE2 Refit Completed In Southampton
Renovation Of Inland Service Tug Completed
Ship Structure Committee Publishes Reports On Fatigue Curves And Underwater Repair Procedures
Shipbuilding in South Korea… Expansion Continues
SPD Technologies Rolls With The Changes, Targets Civilian Specialty Market
The Need To Rationalize Navy ship Maintenance Capacitu
Tracor Signs Agreement To Sell Division To SIMCO
Tranter, inc.
Unitor Introduces Shipboard Polymer Repair System
WEST COAST YARD REVIEW
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright