Bayport International Holdings Inc. (BAYP)

[Bansky]

Both your posts are in error and this post will extensively show it.

You state:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113293317

"Looks like the JFK Terminal (aka Beach Haven Terminal) is contaminated with diesel fuel in both soil and groundwater. The site is listed as an active case in the Pennyslvania Environmental Cleanup and Brownfields program, and has been since 2003."

The following list of Brownfield sites and inventory by the official listings does NOT have JFK or Beach Haven listed, nor has it ever.
http://brownfields.pasitesearch.com/bfSearch.aspx

Your post is in error.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113295795

The following information came from JFK engineers, the DEP ,and JFK after serious due diligence.

The 1998 ( not as you post 2008)Phase 2 report was for a 1991 mini spill of some fuel into the Susquehanna River( not on JFK site) . JFK bought the site in 2004. A 200 page Phase 2 study was done by previous owners, that showed no serious contamination or toxicity. Standard numbers for a petroleum facility of this size.

This website you show ,shows an open incident report after a Phase 2 report done by previous owners, to determine any contamination of the mini spill into the Susquehanna River( nothing on the site)and is still open until further hand auger tests are performed. JFK then bought the property in 2004. The recommendation was a soil and groundwater testing with lab results to close the file. The engineers suggested to do a monitoring well downslope to one of the tanks for extra safety.

The engineering is happening and the DEP has been in contact with JFK's people since. There is now a project underway and that and many items, plans, studies and retooling are in the works.

The incident report you show is standard at most such facilities. Some have 10 open files at once and many have them open for many years, until the files close. That is why the DEP did nothing. Not because the DEP or The State of Pennsylvania was broke or had limited funds, since 1991. No agency in the USA would take anything serious since 1991(24 years) and sit on it. It was too minor and not proven to have any serious toxicity based upon the Phase 2 report that the DEP already received.

In 2008 the DEP requested more then simple soil and groundwater tests and suggested also a monitoring well.

The DEP has never claimed at any time to anyone that the site is contaminated.