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Preparing for the future today
Macalloy and Laurel Island - Charleston, South Carolina USA
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Shipyard Creek Ocean Terminals, Charleston, SC USA
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Shipyard Creek Ocean Terminal
• Project overview
• Key project milestones
• The business case
• The project
• Development partners and contacts
• Next steps
• Disclaimer
Offering Package Table of contents
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Shipyard Creek Ocean Terminals
Shipyard Creek Ocean Terminals presents a rare opportunity to both invest and operate at one of the most outstanding port locations in the USA. The project will provide a critical transportation link via the Mid-Atlantic to the southeastern United States, together with intermodal rail directly alongside a modern marine terminal with direct Interstate Highway access. Shipyard Creek Ocean Terminals will create an efficient, sustainable and scalable port solution.Over the coming weeks, Jones Lang LaSalle will be inviting qualified interests from around the world to submit ideas and express interest in the operation and/or investment in all or a part of the Shipyard Creek Ocean Terminals project. Concession agreements, partnerships or other financial structures will all be considered to meet the mutual objectives of the parties. The pages which follow are intended to highlight the economic drivers, physical attributes and to present conceptual designs, all intended to initiate dialogue with interested parties on how best to utilize these exceptional on-water assets.
Overview
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Shipyard Creek Ocean Terminals
• 2005 - Laurel Island acquired by a private investment consortium• 2007 - Macalloy site purchased and added to Laurel Island holdings• 2007 - Shipyard Creek, LLC established by ownership of Macalloy and Laurel Island• 2008-09 - Shipyard Creek, LLC forms development team with world leaders in fields of maritime and
intermodal infrastructure. Combined land holdings to be developed as: Shipyard Creek Ocean Terminals• 2010 - Charleston County passes resolution supporting development of rail and ocean terminal project on
Shipyard Creek land holdings• 2010 - Towns of Mount Pleasant and North Charleston, SC announce their support of project• August, 2010 – SCPA and Coastal Conservation League settle lawsuit over Port Access Road Environmental
Impact Statement, pledging its “commitment to support a third party, regional rail intermodal solution”• September, 2010 - Shipyard Creek, LLC signs Memorandum of Understanding with CSX Railways and City of
North Charleston, outlining development of intermodal rail park at Shipyard Creek Ocean Terminals• December 2010 - CSX Railways announces it has agreed to build trains in the new rail yard for Norfolk
Southern Railways, allowing NS to use the CSX lines at same cost, resulting in a dual access rail intermodal solution at Shipyard Creek Ocean Terminals.
• January 2011 - Shipyard Creek Ocean Terminals appoints Jones Lang LaSalle to spearhead promotion and attraction of interest to Shipyard Creek Ocean Terminals.
• February 2011 – City of Charleston acknowledges support of project by approving re-zoning of land to Heavy Port use classification.
Key project milestones
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The Business Case
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Shipyard Creek Ocean Terminals
After years of dominating North American maritime trades, U.S. West Coast ports are threatened….
…. Converging economic forces now favor growth of the gulf and east coast ports for Asian trade to the midwest.
Source: Drewery Consultants
New market shift for North American ports
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Charleston offers one of the greatest natural harbors on the U.S. Eastern seaboard. Within the Charleston system, Shipyard Creek Ocean Terminals represents the most optimum of maritime locations, less than 2 miles from the sea buoy, with the ability to provide direct access to both rail and roadway arteries, providing superior through-put options for containers and other forms of marine cargo.
The following pages present an overview of Charleston’s competitive position and its prospects for increasing market share in the coming years.
Charleston Ports Today
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1. Macalloy2. Laurel Island3. North Charleston Terminal4. Veterans Terminal5. Proposed Navy Base
Container Terminal6. Columbus Street Terminal7. Wando Welch Terminal
Shipyard Creek Ocean TerminalsCharleston Harbor Terminals
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Charleston Harbor General Specs
• Channel Depth (mean low water):--Entrance Channel 47 ft (14.3m)--Harbor channel and dockside 45 ft (13.7m)--Soft mud bottom.
• Channel Width:Minimum 500 feet (152m).Maximum 1,000 feet (304.8m).
• Tidal Currents:Average 1.5 knots.
• Bridges:Lower Cooper River Bridge -Air draft 186 ft (56.6m) MHW
Upper Cooper River Bridge (No.Charleston Terminal Only) Air draft 150 ft (45.7m) MHW
• Charts:NOAA 11524 and 11526.
• Pilotage:Required. Charleston Branch Pilot's Association.
• Regulations:US Cost Guard regulations apply.
• Tug and Tow:Available 24-hours-a-day.
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Southeast Port ApproachesDistance to Sea Buoy MileagePort of Wilmington, NC 11 milesJacksonville 9 milesPort of Savannah 21 milesShipyard Creek Ocean Terminals 2 miles!
Shipyard Creek Ocean TerminalsCharleston Ports Today
The Port of Charleston has the shortest distance to the Sea Buoy of any harbor on the U.S. east coast. Shipyard Creek Ocean Terminals will be among the closest of all Charleston terminals
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Market assessment of future freight volumes
The Port of Charleston’s traditional 3 state freight delivery area has expanded to servicing major consumption zones throughout entire U.S. southeast
Source: NS Railroad & Port of Savannah data
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U.S. eastern seaboardProjected US Population Increases to 2030
Source: US Census – Judson Drennan / The News & Observer
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Projections for transatlantic container traffic recovery
Source: HIS, Global Insight – The Global Outlook; October 14,2010
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Projections for transpacific container traffic recovery
Source: HIS, Global Insight – The Global Outlook; October 14,2010
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The Project
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1. Macalloy site of proposedCSX rail intermodal
2. Laurel Islandproposed container terminal,intermodal, ro/ro, or alternative maritime usage
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Shipyard Creek Ocean TerminalsCharleston Harbor Terminals
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Rail ingress/egress to Shipyard Creek Ocean Terminals
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Shipyard Creek Ocean TerminalsTown Creek Upper Reach Navigation Conditions
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Shipyard Creek Ocean TerminalsHwy 17 (Ravenel) Bridge approach to Laurel Island
Highway 17 Drum Island
Highway 17
Drum Island
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Shipyard Creek Ocean Terminals - MacalloyMacalloy Intermodal Terminal and Proposed Logistics Park
MACALLOY
NAVY BASE TERMINAL
Direct Transfer
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Shipyard Creek Ocean TerminalsLaurel Island & Columbus Street terminal vicinity plan
Laurel Island
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Shipyard Creek Ocean TerminalsConceptual layout of Laurel Island: Phase 1, (2) post-Panamax berths
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Shipyard Creek Ocean TerminalsLaurel Island Design Capacity
Designed for 1.5 million TEU’s per year
17,000 lifts per week
168 vessel working hours per week
Gross crane productivity of 28 moves per hour
100 gross moves per hour
4 Quay cranes per working vessel
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Shipyard Creek Ocean Terminals
Overall Land Area: 185 acres Draft 39’ Permitting underway for dredging to 47.5’ Note: Town Creek Upper Channel is channel
is self-flushing Berth Length : 3,000 feet Potential throughput Capacity: 1.5 million TEU’s Gross Static Capacity: 35,000 TEU’s Reefer Slots: Approximately up to 1,000 slots Cranes: 8 Super Post-panamax cranes Container Terminal Yard (CY) Rail Mounted Gantry Cranes to capacity of 1.5 million TEU’s;
designed to 8,000’ maximum train length; Security: Guarded entrance/exit gates via private road Facilities: Maintenance, administration, equipment storage, etc. Rail Access: Direct onsite access to CSX Railways along with direct connectivity by rail and private
road to CSX Railways intermodal facility at Shipyard Creek Ocean Terminals (at Macalloy)
Tentative Project specs as a container facility – Laurel Island
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Shipyard Creek Ocean TerminalsRail plan for Macalloy intermodal yard
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Shipyard Creek Ocean Terminals
Overall Land Area: 115 acres Acreage to be dedicated to CSX Rail intermodal: 45 acres Remaining available acreage: 55 acres Berth Length : Single vessel capacity Depth at waterfront: 24’ with ability to dredge to deeper draft Encouraged uses:
o Cold supply chaino Break-bulko Automobile RO/ROo Equipmento Barge terminalo Manufacturingo Bunkeringo Chassis/empty container depot
Rail Intermodal: CSX Railways. Direct access to main north-south line; NS capability Rail and road connectivity to Laurel Island Direct access to neighboring SCPA Navy Yard via “High, Wide and Heavy” corridor
Preliminary Project specs – Macalloy
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Strategic partners and contacts
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Shipyard Creek Ocean Terminals
• Maritime advisory: Aegir Ports, Drewery Consultants
• Intermodal : HDR Engineering
• Supply Chain andLogistics Modeling: Vickerman & Associates
• Civil Engineering: Davis and Floyd
• Soils Engineering: S & ME
• Legal Services: Morris, Manning and Martin
• Financial Services: Jones Lang LaSalle
• Project Marketing: Jones Lang LaSalle
Strategic Partners
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Next steps
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Shipyard Creek Ocean Terminals
• Site acquired by Shipyard Creek Associates, LLC - 2009• Zoning approval granted for Heavy Industrial (Port) Use - Feb, 2011• Initial meetings with terminal operators and steamship lines - commenced April, 2011• Site characterization - first phase completed June, 2011• Site tours and dialogue with maritime interests - beginning June, 2011• Conceptual modeling and engineering - commenced August, 2011• Approval for proceeding with geo-technical engineering - November, 2011• Computer simulation of vessel piloting to Shipyard Creek- underway • Preliminary cost estimation – dredging, geo tech, improvements - by 2Q, 2012 • Initial site prep work - to commence by 3Q, 2012• Selection of operator; capital marketing - by 3Q, 2012• Targeted Phase I opening date - 4Q, 2014
Project Milestones
Port, Airport and Global InfrastructureJones Lang LaSalle Americas, Inc.
www.us.joneslanglasalle.com/pagi
Jones Lang LaSalleJohn Carver 1221 Brickell AvenueMiami, FL 33131
+1 305 423 [email protected]
Los Angeles
Jones Lang LaSalle Brokerage, Inc. License # 01856260 | Jones Lang LaSalle Americas, Inc. License # 01223413
© 2012 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
For further information Please contact us
AtlantaSteve Grable3344 Peachtree Road NE; Suite 1200Atlanta, GA 30326
+ 1404 995 [email protected]
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Jones Lang LaSalle (“JLL”), has been authorized by Shipyard Creek, LLC (“Owner”) to present certain information concerning the proposed development of the Shipyard Creek Ocean Terminal in the Macalloy and Laurel Island, South Carolina USA. The information contained herein is to be treated in confidence and is intended solely for the limited use and benefit in familiarizing the reader with the facts concerning the proposed development project, (the “Project”).
Prior to submitting any expression of interest, parties should perform and rely upon their own investigations, analyses, estimates and projections and otherwise satisfy any concerns regarding material aspects of the material contained herein, including but not limited to, legal, municipal, environmental, operational, seismic, financial and physical issues, and all other matters affecting or pertaining to the Project.
No person is authorized to make any representations or warranties on behalf of the Owner regarding the Project. Any and all information regarding the Project provided to any interested party by the Owner or JLL, including all information contained in this Information Package, is provided without any representation or assurance, express or implied, regarding the accuracy, completeness or current status of applicability of such information. Any interested party is expected to undertake such reviews and investigations and make such inquiries as such party may believe to be necessary, appropriate or advisable for the purpose of forming a decision to make an offer to acquire the property
All interest in the Project shall be communicated to the Owner through written correspondence to JLL representatives as referenced in this Information Package. Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interests or offers to purchase the Project and/or terminate discussions with an entity at any time with or without notice which may arise as a result of review of this Memorandum. Seller shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Project unless and until written agreement(s) for the purpose of the Project have been fully executed, delivered and approved by Owner, and any conditions to the Owner’s obligations therein have been satisfied or waived.
The material contained herein is confidential and is presented strictly as information for the exclusive use of the reader. Receipt and review of this Information Package by the recipient constitutes an agreement not to divulge, share or distribute the information to any other party, except the party’s legal counsel or financial advisors without specific written authorization of the Seller or JLL.
This Information Package is provided subject to errors, changes, omissions, changes in price, market and other conditions. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that interested parties may desire.
Disclaimer
