12:20 PM: Four and a half years after Terminal 5‘s last major tenant left, we’re still waiting to hear word of a new tenant. Last fall, the projection was that there’d be an announcement before year’s end. Now, one month into the new year, the new estimate is “soon” – as in, before the end of the first quarter. So said Clare Petrich, Tacoma Port Commissioner speaking on behalf of the Northwest Seaport Alliance partnership, as NWSA released a new report about the value of the maritime business to our state. Plans for upgrading T-5 have been awaiting news of a tenant. Among the other speakers at the report’s unveiling was Seattle Port Commissioner Fred Felleman, who declared the report to be evidence of a “renaissance” in the maritime business. He, Petrich, Dan McKisson from the ILWU, and Seattle Mayor Jenny Durkan (who toured a dock crane first) all spoke during today’s announcement at Terminal 18 on Harbor Island. We’ll add video when it’s ready, and a few more details from the report later; you can see the report in its entirety here (PDF).
4:05 PM: Here’s our video:
The report focuses very specifically on the impact of cargo shipping. Petrich noted that 90 percent of the world’s trade is done by water. One of the notable breakout charts in the report:
Here’s the NWSA news release with other highlights.