Oregon port looks to keep S. Korean shipper

Nov 26, 2013 | 02:42 PM | Sean Davidson

Tags  scrap, steel, shipping, Portland port, Hanjin Shipping, Westwood Shipping Lines, Hamburg Süd, Hapag-Lloyd Josh Thomas

NEW YORK — The Port of Portland, Ore., is working to retain Hanjin Shipping Co. Ltd. after the South Korean shipping company said it would cease operations at the port.

The port informed market participants in October that Hanjin planned to shutter its services at the port in January.

Hanjin notified the port and terminal operator that it would withdraw direct call service at Terminal 6, citing escalating costs as the primary driver for the decision.

The shipper is the largest container carrier at Portland’s Terminal 6 and represents nearly 80 percent of container throughput at the terminal, averaging about 1,600 containers per week comprising all goods.....

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