The Port of Portland finalized a deal Wednesday to save cargo container service at Terminal 6, which had been in danger of shutting down early last year.
The deal cements a tentative agreement announced in December to lease the shipping facility to a California firm called Harbor Industrial.
The privately-owned company agreed to lease the 202-acre cargo container part of the terminal for seven years, with four options to extend the lease at five-year increments. Harbor Industrial also agreed to purchase seven cranes from the port.
Terminal 6 is Oregon’s only international container terminal and handles cargo for some of the state’s largest businesses, including Les Schwab Tire Centers, Jeld-Wen and Pacific Seafood.
“Scores of businesses throughout Oregon rely on Terminal 6 to ship