Equipment: Coos Bay

Port of Coos Bay to Purchase New Gantry Crane

The Port of Coos Bay will use a newly awarded $600,000 loan from Business Oregon’s Infrastructure Finance Authority to purchase a new gantry crane to serve the Charleston fishing fleet. The interest rate of the loan will be 3.57% for a maximum term of 25 years.

According to the port, the existing boat lift gantry crane at the Charleston Boatyard has reached the end of its useful life and lacks the capacity to meet current and future needs of the area. The new crane will improve the boat haul-out service, capacity and enhance the safety of the port’s home-ported and regional commercial and recreational fleets.

"The revenue that will be generated from the service of the new crane will cover the operational cost and the investment of purchasing it," explained Hans Gundersen, chief financial and administration officer for the Port of Coos Bay. "It will satisfy the existing customer base and increase business opportunities for the region as a whole."
The port plans to solicit bids from prospective contractors.