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High Five
Wednesday, May 05, 2010

Enrique Razon Jr., head of International Container Terminal Services Inc., hopes to make Portland's Terminal 6 the site of his Filipino company's first U.S. venture.

Port officials see this as an opportunity to expand global connections.

Port managers say a private company could do better marketing and operating much of the 386-acre container terminal, which has struggled to retain shipping lines due to its 100-mile distance from the Pacific Ocean. On Tuesday, the head of the union at Terminal 6 endorsed the 25-year lease to Razon's company...

Port managers defended their decision to negotiate directly with Razon's company instead of taking competitive bids. Ten companies qualified for a lease of 50 years or more that was contemplated during an earlier round suspended in 2008 due to the recession, said Sam Ruda, Port director of marine and industrial development.

Read the full story at OregonLive.com.

{biztweet}Port of Portland Philippines{/biztweet}

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