The Commonwealth Ports Authority board approved in mid-March Saipan Shipping Co.\u2019s option to extend its lease at Charlie Dock.<\/p>\n
Saipan Shipping, represented by Janet King, appeared before the board to urge it to approve the company\u2019s extension application for 10 more years. According to SSC president Juan S. Tenorio, their lease agreement with CPA is valid for 40 years, with their latest extension the last for their term in the area.<\/p>\n
\u201cThe additional 10 years is our option to renew. We\u2019ve finished 30 already, so this is the last extension,\u201d said Tenorio.<\/p>\n
After 10 years, it would be up to CPA whether to allow Saipan Shipping to renew its lease again.<\/p>\n
Saipan Shipping, a business that operates on a 2,000-square-meter property at Charlie Dock, has a building in the area.<\/p>\n
The company does business with Guam\u2019s Seabridge and Japan\u2019s Kyowa Shipping Co., to name a few.<\/p>\n
The company prides itself as one of the oldest private closed corporations on Saipan. Established in 1956, the company has been operating for more than 60 years.<\/p>\n
\u201cWe\u2019ve been running this business for the last 60 years. Last year was our 60th anniversary,\u201d said Tenorio.<\/p>\n
When asked whether the company would renew their lease after \t10 years, Tenorio replied, \u201cWe want to reach another 60 years.\u201d<\/p>\n
\u201cThe company is very strong and with connections to outside of the Commonwealth We have proved for 60 years that we are doing our part in terms of bringing cargo from outside of the CNMI,\u201d he added. <\/p>\n","protected":false},"excerpt":{"rendered":"
The Commonwealth Ports Authority board approved in mid-March Saipan Shipping Co.\u2019s option to extend its…<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[56,16233,124,5729],"class_list":["post-249635","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-business-3","tag-charlie-dock","tag-cpa","tag-saipan-shipping"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/249635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=249635"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/249635\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=249635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=249635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=249635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}