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Despite recent set-backs that have plagued the proposed tourist attraction, the NY Wheel project is moving forward. As reported in the New York Business Journal, NY Wheel CEO Richard Marin says the first batch of concrete will be poured for the foundation this June.
However, differences between wheel executives may affect the announced ‘pour’ date.
New York Business Journal: New York Wheel CFO Eric Kaufman, along with partner Meir Laufer, hired Kasowitz Benson Torres & Friedman LLP for legal counsel, citing Marin’s mismanagement of the project and “improper conduct throughout the development process.” Marin, together with New York businessman Andrew Ratner, has filed his own lawsuit against Kaufman and Laufer, claiming the two investors had not paid an additional $17 million that was required of them as board members.
posted by Mai Armstrong for the Working Harbor Committee
What are ‘heavy-lift’ ships? Simply put, they are huge ships that ship ships (and other gargantuan things).
Heavy lift ships, as their name suggests, are designed to carry anything too large or heavy to be easily transported on a conventional cargo vessel – like port terminal cranes, other ships and massive offshore oil and gas rigs.
Semi-submersible heavy lift ships, also known as “flo/flo’s” (for float-on/float-off) have a submerging deck that lowers down into the water allowing floating cargo to be moved into position for loading.
It is quite an alarming sight, the ship eerily looks like it’s sinking – unnaturally level as the main deck disappears below the waterline.
In 2011, our dear John Skelson (we miss you, John… ) photographed Dockwise’s MV Blue Marlin, the largest semi-submersible heavy lift ship at the time, loading up a transport of tugs bound for Africa. Dockwise operates the world’s largest fleet of semi-submersible vessels including the current largest – Dockwise Vanguard, able to carry 110,000 tons of cargo.