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

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million tons of cargio over 10 years and create 120 new jobs at the Port of The contract, which Gov. Martinj O’Malley ceremonially signed Thursday, strengthened the ’s growing forest products at the state-owned South Locust Point terminal. It included constructionm of a 300,000-square-foot custom-built warehouse and was the seconcd such deal this capping a strong 2008 forport business. Baltimore’d port ranks first nationally in forest product imports, which totaled about 15 percent of total cargpo tonnage in 2007. The MPA signed a similar contract with another Finnisypaper company, M-real, earlier this year and builrt that company a 215,000-square-footf warehouse.
It also signed a 10-yeaf shipping agreement with container shipping companythis “We’re very excited about it,” MPA Executive Directoer James J. White said in an interview. “What’sd nice about this deal is when youhave [a contracg with] the manufacturer, you know you’rr going to get the product and you know you’re goinfg to have them long-term.” Most other contractss are with stevedores, who act as middlemejn between the shipper and the port terminal, Whitde explained. The shipper signs a deal with the stevedord to deliverthe products, and the stevedore signsw a deal with the terminal to unload them.
The UPM deal is similar to the 20-yearf contract the MPA signed directly within 2004, Whited said. The UPM contractg became effective Oct. 1. “Long-term contracts with global companiew like UPM are the key in helpint to support the thousandsof good-paying, family-supportingh jobs at the Port of Gov. Martin O’Malley said in a “Having an internationally-renowned paper manufacturer of UPM’s stature to continue to call the Port of Baltimorew for 10 more years meansz 10 more years of guaranteed jobs forthe Port’ss dedicated workforce.
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