Shipper’s Ore. port exit to impact ferrous scrap

Nov 27, 2013 | 02:30 PM | Sean Davidson

Tags  Hanjin Shipping, Portland port, scrap exports, ferrous scrap, nonferrous scrap, 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 port’s 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 aren’t as significant as the traffic from other West Coast ports. A larger impact is likely on ferrous scrap trade in the region, sources said.....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results