The Port of Portland closed on a 25-year lease of its container and breakbulk facilities at Terminal 6 to ICTSI Oregon, a subsidiary of International Container Terminal Services Inc.
ICTSI Oregon will pay the port $8 million, in addition to an annual rent payment of $4.5 million, subject to any increases in the consumer price index. As cargo volumes increase, ICTSI Oregon will pay additional incremental revenue per container moved.
ICTSI Oregon will pay the port $8 million, in addition to an annual rent payment of $4.5 million, subject to any increases in the consumer price index. As cargo volumes increase, ICTSI Oregon will pay additional incremental revenue per container moved.