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Hanjin, JAXPORT sign agreement for new container terminal

December 11, 2008

JAXPORT executives and representatives of the Hanjin Shipping Company of Seoul, Korea signed a 30-year lease agreement on Wednesday, calling for construction of an approximately 90-acre container facility at the Dames Point Marine Terminal in North Jacksonville. The lease contains an option for further expansion. The $300 million Hanjin Container Terminal at Dames Point is expected to open for business in late 2011 and will be a key hub operation for Hanjin’s east coast port activity.

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