Port of Tacoma selected as new port of call
March 29, 2012 by Sarah
After spending the last few years struggling to stay afloat, the Port of Tacoma got a wave of good news. The Grand Alliance, a shipping consortium composed of NYK Shipping, PPCL and Hapag-Lloyd, selected the Port of Tacoma’s Washington United Terminal to serve as its port of call. Perhaps even more important is the fact that the Port of Tacoma was able to secure the contract without having to spend money on refurbishing the Terminal or assuming any costs of operations for the shipping group.
Several years ago, port officials announced plans to spend over $1 billion on the construction of a new terminal that would attract new shipping lines. The deal sputtered when the economy went into turmoil and costs exceeded available funds. $24.7 million was spent on the modification of the Washington United Terminal prior to the Port of Tacoma become aware of the Grand Alliance’s interest in the terminal. Container traffic has fallen by 25 percent since the economic downturn.
The Grand Alliance will provide a much needed boost to the Port of Tacoma. While Port of Tacoma officials are still discussing certain aspects of the deal, major terms of the agreement have been settled. With three additional ships a week using the Washington Terminal and filling it near capacity, other terminals not meeting minimum container handling requirements will be able to take on extra business from the consortium if necessary. A considerable number of jobs are expected from this new deal. Local print shops can help firms near the port showcase their professionalism and pride through business card printing .