The Maryland Port Administration has signed a six-month contract with Brazil-based forestry giant Suzano Pulp and Paper to ship the company’s pulp through the port’s state-owned terminals — a deal that could yield as much as 120,000 tons of wood pulp, officials announced Thursday.
The deal follows a 63 percent drop in the volume of paper pulp shipments through the state-owned terminals last year, after Maryland lost business to Rukert Terminals Corp., a privately owned Baltimore port terminal. The 604,000 tons of rolled paper and pulp that crossed the public terminals last year represented about half of the total U.S. market share.
The Suzano deal guarantees at least 72,500 tons of pulp, which is used to produce toilet paper, paper towels, napkins and other paper products, during the course of the six-month contract.
“The Port of Baltimore continues to be an excellent example of Maryland being open for business,” said James J. White, the port administration’s executive director. “Increasing business through our Port helps to generate good-paying, family-supporting jobs and strong economic benefits for our state.”