Yang Ming makes Tacoma its first dedicated U.S. terminal
The port of Tacoma signed a long-term lease agreement Dec. 10 with Yang Ming Marine Transport Corp., providing the Taiwanese shipping line with its first single-user, dedicated U.S. terminal.
The agreement gives Yang Ming an initial 12-year term lease with a five-year renewal option for Terminal 7-D. Part of the agreement require the port to refurbish the terminal in preparation for Yang Ming’s first ship call scheduled for next summer.
Terminal 7-D is located on the port’s 51-foot-deep Sitcum Waterway, and provides to Yang Ming 54 acres adjacent to the port’s north intermodal yard. The agreement outlines an option to expand to 76 acres.
Yang Ming makes Tacoma its first dedicated U.S. terminal