Sample Port & Maritime Assignments
Port Facility - Havana, Cuba
In tandem with alliance partner Aegir Port Property Advisors, Hentschel was engaged by the attorneys for the owners of a long-term port terminal concession for what was the most important port facility in Cuba at the time of its confiscation in 1960, to provide valuation services and expert witness testimony in conjunction with a lawsuit filed against certain users of the facility under Helms–Burton Act (aka Libertad Act). The assignment was complicated by the property’s location in a centrally planned economy that lacked private property rights and an active marketplace in which properties could be bought and sold, and with little information and data available for analysis.
US Steel Keystone Industrial Port Complex - Fairless Hills Terminal
Hentschel, in tandem with alliance partner Aegir Port Property Advisors, was engaged by US Steel to perform a strategic decision analysis and evaluate the merits of allowing a long term lease agreement with the operator of a 100 acre bulk and breakbulk deep water port and storage facility on the Delaware River with two ship docks and unit train rail service capability serving the 2,000 acre Keystone Industrial Port complex to expire, or, in the alternative, to renew and extend the lease at fair market rental terms and conditions to be determined as part of the analysis.
Pier One Clinton Street -Port of Baltimore
Valuation of industrial deep water riparian and berthing rights that were improved by a functionally obsolete covered pier, deteriorating substructure and superstructure the cost of which to repair or demolish exceeded the industrial value to be created, with no adjoining fast land for laydown area that was located within an industrial enclave that was experiencing the slow encroachment of residential and commercial uses
Recreation Pier, Fells Point, Baltimore Md.
Valuation of a leasehold interest in the unexpired portion of a long term lease encumbering a two story covered shed pier with a deteriorating substructure and a brick headhouse (a portion of which was used as the set for the TV show Homicide-Life on the Streets), together with a valuation of the deep water berthing rights.