OLYMPIA

The 360,000TEU facility will be built at Dames Point where projected traffic could eventually climbed to 800,000TEUs. The hope is that the new terminal will act as a major gateway for trade between the Southern US and Asia and also between the US and fast-growing Latin American markets.

The deal will create new jobs and revenue, as well as upping shipping traffic from 16 ships through its terminal in 2004 to as many as 48 next year.

Weyerhaeuser leaves Tacoma after 30 years, and port commissioners hope its new customer will become equally settled in its new home.