2M Alliance agrees to call at Port of Seattle Term

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First constructed in 1999, terminal operations were suspended in 2014 while the Port of Seattle found a suitable tenant to modernise the facility for handling two 18,000 TEU containerships simultaneously. Currently 14,000 TEU vessels regularly call at terminals in the North and South harbours.

NWSA estimates Terminal 5 will produce 6,600 new direct jobs and more than US$2 billion in annual business activity. The members have pledged US$340 million in construction funds with private partner SSA Terminals contributing an additional US$160 million towards the project.

The 185-acre facility is expected to open in two phases, with one major berth ready to handle container cargo in the Spring of 2021 and the other berth ready by 2023.

In April this year Tacoma and Seattle port commissioners approved a lease agreement for Terminal 5 with SSA Marine and Terminal Investment Limited, which is associated with the Mediterranean Shipping Company (MSC). The 2M Alliance of Maersk and MSC have agreed to make Terminal 5 port calls.

NWSA is a marine cargo operating partnership of the ports of Seattle and Tacoma whose combined volume makes it the fourth-largest container gateway in North America. It is also are a major centre for bulk, breakbulk, project/heavy lift cargo, automobiles and trucks.

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