Shipper’s Ore. port exit to impact ferrous scrap
Nov 27, 2013 | 02:30 PM
| Sean Davidson
NEW YORK The possible exit of a major shipping line from the Port of Portland, Ore., could drive a shift in scrap metal shipments from the region to Tacoma, Wash., and Seattle if the port fails to replace the shipping company, AMM has been told.
Barring a major breakthrough in talks between Hanjin Shipping Co. Ltd. and various agencies that serve its operation in Portland, the South Korean shipper is poised to cease operations at the ports Terminal 6 in January (amm.com, Nov. 26).
Hanjin is the single-largest shipping provider for scrap metal exports out of Portland, but several market participants said its withdrawal will have a limited impact on nonferrous scrap exports since current volumes out of Portland arent as significant as the traffic from other West Coast ports. A larger impact is likely on ferrous scrap trade in the region, sources said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.