Jul 23, 2008 5:51 pm US/Eastern
O'Malley Announces Port Of Baltimore Deal
BALTIMORE (WJZ/AP) ―
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Maryland made a new agreement to keep cargo containers from a leading shipping company coming to the Port of Baltimore.
CBS
Maryland made a new agreement to keep cargo containers from a leading shipping company coming back to the Port of Baltimore.
Governor Martin O'Malley made the announcement on Wednesday at the port with officials from Taiwan-based Evergreen Marine Corporation.
Mike Schuh reports the company is the port's second-highest revenue producing customer.
The O'Malley administration says the new contract guarantees the transport of 40,000 loaded shipping containers to and from Baltimore annually. It also means more than 400 jobs and $80 million.
"It's nice to bring the ship to the final resting place of the cargo. A lot of the importers feel the same. Bringing the ships to Baltimore, you've got distribution centers set up here and this is where the customers want the cargo," said Wesley Brunson with Evergreen Shipping.
Governor O'Malley says with the Panama Canal widening and the Asian market growing, this is a key step.
"Making sure we have big shipping companies coming through Baltimore, bringing their products through Baltimore, is very important for the whole economy of our state," said O'Malley.
Most companies have three-year contracts, but the Evergreen contract is a 10-year one.
Evergreen is also the port's only shipping line that provides direct service to Asia.
(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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