A year ago, port authority officials said they would seek bids for the new crane, and during the bidding process several months later Shanghai-based Zhenhua Port Machinery was the only responding bidder. After questions arose over ZPMC's bid response, officials decided to start the bidding over. Despite 34 bid packets being picked up for the second round, when the bid was opened on Monday, ZPMC was again the lone responsive bidder.
Citing currency rate changes, the higher cost of steel and an increased demand worldwide for gantry cranes, ZPMC also increased their estimate to provide the new crane to $9.6 million, with an option to buy a second new crane for $9.8 million. The price for both is about $2 million more than the first bid nine months ago.
The delays in purchasing the new crane are threatening to overtake the 2010 start of construction activities related to a massive U.S. military build-up on the island as personnel on Okinawa are shifted to Guam. The military has said they need at least one new crane at the port to handle the new activity on the island.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now