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Sps Limited Partnership News

19 Dec 2006

Judge Halts Dredging Near Md. Shipyard

A Baltimore County judge ordered the owners of the Sparrows Point shipyard to temporarily stop dredging in the Patapsco River in Maryland. A Circuit Court Judge granted a temporary injunction to stop contractors from removing sediment in the river near the Key Bridge at the request of a group of Dundalk-area residents also opposed to a liquefied natural gas terminal planned for the site, according to a lawyer for the group. The Greater Dundalk Alliance's LNG opposition team alleges in its court filing that the dredging is stirring up toxins that will harm nearby residents and the Chesapeake Bay. The community group, however, must post a $750,000 bond by today to cover the company's revenue lost by not dredging, in the event that the contractors are allowed to resume the work.

15 Nov 2005

SPS Tenant Contracts for Barge Building

SPS Limited Partnership LLLP (SPS) of Baltimore, MD and Canton, MA has leased the 1,200 ft. shipbuilding basin (the Graving Dock) located at the Sparrows Point Shipyard/Industrial Complex, Sparrows Point , MD to Senesco Marine, North Kingstown, RI. The lease involves the construction of the barge portion of the ATB, is effective Tuesday, November 15 for a period of approximately 13 months and, according to Senesco Marine representatives, is expected to bring in excess of 120 new employees to the Shipyard. Initial work on the tug portion of the barge took place at Quonset Point Shipyard, North Kingstown, RI, but could not be completed there due to space limitations.