Overview: On January 31st, the new 100-metric ton Travel Lift arrived at the Port of Coos Bay’s Shipyard off Troller Road in Charleston! The Port purchased the lift with a loan of $600,000 from the Infrastructure Finance Authority (IFA), which will also be utilized to construct a building to house the lift when it is not in use. IFA Loan Press Release
Increased Capacity: The lift that was previously utilized at the Shipyard had a 60-ton lift capacity. The new Travel Lift is equipped to hoist 100-metric tons, or 220,000 lbs, doubling the lift capacity in the shipyard. Our own Port staff recently completed improvements to the travel lift pier to handle the added weight capability of the new equipment. This is a revenue generating asset that will:
· increase local capacity
· improve quality and range of service for our customers
· increase potential business in the shipyard
· Accommodate a wider range of vessels
This increased level of service is essential for our local fishing and recreational fleets. The Shipyard is home to three local marine based businesses: Giddings Boat Works, Tarheel Aluminum Inc., and Skallerud Marine Services, all of which specialize in a variety of repair and fabrication services. Increasing the size range of boats that can be serviced in the yard will open larger markets segments, helping these businesses thrive.
How it Works: The Travel Lift drives onto the slip to an open-end pier to lift vessels from the water. Straps are secured around the boat prior to hoisting. Once out of the water, the lift can drive the vessel to areas within the yard for upland storage or repair projects.
Phased Approach: The purchase of the travel lift marks the first in a series of planned improvements to the shipyard. To realize the full potential of the Lift and accommodate a broader range of vessels, the Port plans to expand its travel lift slip. The existing slip spans 17’ wide. The Port will be seeking funding and working through the permitting processes to allow the slip to expand to at least 27’ wide. Port staff worked closely with the manufacturer (Marine Travelift) to ensure that the lift can be expanded to 27’ to accommodate the future slip expansion project.
The long-range plans for the Charleston Shipyard include expanding the footprint of the property by 4.8 acres, and purchasing a second Travel Lift capable of lifting vessels of much greater size, significantly increasing the size and volume capabilities of the yard.
Why 100-metric tons? The Port staff knew that the lift that was being used needed to be replaced. Travel Lifts come in a wide range of lift capacities. The decision to purchase a 100-metric ton lift was based on an analysis which factored in anticipated debt service, demand, and revenue generated by the new lift. The 100-metric ton lift was an excellent option for the shipyard’s upgrade because it doubles the current capacity in a fiscally responsible manner.
The Shipyard is a vital component of Charleston’s economy and a valued resource for local and regional fleets. The Port of Coos Bay will continue to make investments in key infrastructure and equipment to encourage sustainable economic growth in Southwestern Oregon and the State. Once the project is complete, new travel lift information can be accessed on the Shipyard webpage.