Port of Seattle’s Terminal 18 deal raises eyebrows

by Tim Flanagan on August 18, 2011

Jessie Van Berkel has the story in the Seattle Times:

malady the white crane in the background is owned by SSA Marine. ” alt=”A tugboat (lower right) cruises down the East Waterway. In the foreground is Harbor Island and the Port of Seattle's Terminal 18. Among the orange cranes, side effects the white crane in the background is owned by SSA Marine. ” src=”http://seattletimes.nwsource.com/ABPub/2011/08/16/2015927341.jpg” width=”296″ height=”189″ />
[A tugboat (lower right) cruises down the East Waterway. In the foreground is Harbor Island and the Port of Seattle’s Terminal 18. Among the orange cranes, diabetes and pregnancy the white crane in the background is owned by SSA Marine. ELLEN M. BANNER / THE SEATTLE TIMES photo]

In January, three of the largest seaport cranes in the Northwest will arrive at the Port of Seattle, and with the change in shoreline scenery comes a financial deal that has some watchdog agencies and Port commissioners concerned.

For decades, the Port bought and owned the cranes along Seattle’s Elliott Bay while private companies maintained and operated them. The companies paid the Port for every container they plucked off ships.

That relationship changed last week, when the Port approved a deal with SSA Terminals, which operates out of Terminal 18. For the next five years, the company no longer has to pay the fee, but it has to buy more of its own cranes — three of which are arriving in January. Another three are coming in the next couple of years.

The Port will lose $5.31 million in revenue over the next five years under the deal but will ultimately save $232,000 during that time because it won’t have to replace the pricey cranes, according to Port documents. The Port was planning to replace its cranes at Terminal 18 by 2018. There are seven there now.

Read more

Leave a Comment