Port of Portland subsidizing terminal operator
Updated: Friday, February 15, 2013 9:29 AM
PORTLAND, Ore. (AP) -- Port of Portland commissioners approved another subsidy Wednesday for the terminal operator to help save the ocean shipping business during a union dispute.
Commissioners authorized as much as $3.7 million in rent rebates to ICTSI Oregon Inc., which operates the port's international container terminal.
The Oregonian reports (http://is.gd/Jg0mOF ) the latest subsidy follows a $1 million incentive approved last month and could total the amount of rental income the port receives from the company.
The union dispute broke out in June, and a slowdown caused ships to bypass Portland.
Litigation continues over what amounts to a total of two jobs at the terminal. The International Longshore and Warehouse Union claims the jobs performed by members of the International Brotherhood of Electrical Workers.
Information from: The Oregonian, http://www.oregonlive.com
Copyright 2013 The AP.