Hanjin’s Jacksonville terminal faces delays

Hanjin Shipping’s $208 million terminal at Dames Point in Florida could open two years later than originally planned. Jacksonville Port Authority Executive Director Rick Ferrin said the terminal could open as soon as late 2012 or as late as June 2013. The terminal construction timetable has been pushed back due to a lengthier permitting process and the company’s requirement that the terminal’s design was bid separately from the construction work, which takes longer than the design-build approach.