Overall port revenue for the year rose to $8.06 million from $7.95 million in 2009, in part because of more revenue generated by the marine terminal. Marine terminal revenue rose to $2.64 million last year from $2.44 million in 2009.
That increase in marine terminal revenue can largely be tied to log exports and the port’s two largest tenants: Federal Way-based timber company Weyerhaeuser and Pacific Lumber & Shipping, a division of the Port Blakely Companies of Seattle. Twenty-two ships called on the port
in 2010, up from 14 in 2009, according to the port. The port expects more marine terminal business this year and expects $3 million in revenue from that unit of its business for 2011, port finance director Kevin Ferguson said.