Puerto Rico Maritime Shipping Authority, which owns one of the largest steamship lines calling at the Port of Baltimore, has agreed to a six-year lease of 20 acres at the new Seagirt Marine Terminal.
The state Board of Public Works approved the agreement yesterday, but it has not been formally signed.
PRMSA will begin receiving cargo at Seagirt on Monday, port officials said.
The shipping authority previously leased 20 acres at the Dundalk Marine Terminal.
Michael P. Angelos, president of the Maryland International Terminals Inc., which operates Seagirt, said the advantage of the new lease is PRMSA's long-term commitment and annual volume commitments for the duration of the lease.