LAKE CHARLES — Federal Marine Terminals of Canada has entered into a four-year lease agreement with the Port of Lake Charles to operate the automated facility formerly run by Lake Charles Stevedores.
The port staff recommended the company, which has a U.S. base in North Carolina.
FMT will handle commercial and agricultural products and related commodities.
“The FMT proposal reflects the guaranteed tonnage and corresponding minimum guarantee payment to the port that is reasonable and in line with staff and independent market specialist studies of today’s market price,” Executive Director Bill Rase told port commissioners.
FMT is the marine terminal and stevedoring division of the Fednav Group, which operates a fleet of more than 80 ships, Rase said.
FMT has been operating Gear Bulk at the port for the past 13 months, “demonstrating consistent performance at a high level,” Rase said.
Specific to Lake Charles, FMT will provide an office staff, a company general manager, company superintendents and equipment.
“FMT has agreed to commit a dedicated person for the commercial and USDA bag business, which is vital to the port,” Rase said.