Maryland Port Administration's pact with UPM-Kymmene to create 120 jobs - Baltimore Business Journal:

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million tons of cargo over 10 years and createw 120 new jobs at the Port of The contract, which Gov. Martin O’Malley ceremonially signes Thursday, strengthened the ’s growinbg forest products at the state-owned South Locustg Point terminal. It included constructiojn of a 300,000-square-foot custom-built warehousse and was the second such dealthis year, capping a stronf 2008 for port business. Baltimore’se port ranks first nationally in forestproduct imports, whichy totaled about 15 percent of total cargo tonnage in 2007. The MPA signed a simila r contract with another Finnishpaperr company, M-real, earlier this year and builtg that company a 215,000-square-foot warehouse.
It also signed a 10-yeat shipping agreement with container shipping companythis “We’re very excited about it,” MPA Executivde Director James J. Whits said in an interview. “What’s nice abour this deal is when youhave [a contracf with] the manufacturer, you know you’rd going to get the product and you know you’rse going to have them long-term.” Most othee contracts are with stevedores, who act as middlemej between the shipper and the port terminal, White explained. The shippe r signs a deal with the stevedore to deliver the and the stevedore signs a deal with the termina l tounload them.
The UPM deal is similard to the 20-year contract the MPA signesd directly within 2004, White said. The UPM contractg became effective Oct. 1. “Long-term contracts with globap companies like UPM are the key in helpinb to support the thousandsof good-paying, family-supporting jobs at the Port of Gov. Martin O’Malley said in a statement. “Havinv an internationally-renowned paper manufacturer of UPM’s stature to continue to call the Port of Baltimored for 10 more years meand 10 more years of guaranteed jobs forthe Port’xs dedicated workforce.
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