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Excerpts from a recent article in the Seattle Times:
Seattle is North America’s seventh-biggest container port; Tacoma ranks No. 11. In March, the Grand Alliance shipping lines decided to move from Seattle to Tacoma. When that happens in July, it will take about 20 percent of the container business from the Port of Seattle, more [...]  The Journal of Commerce reported today: The Canadian government plans to introduce legislation on Monday that would end a rail strike at Canadian Pacific Railway. Labor Minister Lisa Raitt said the government would introduce the Restoring Rail Services Act when the House of Commons returns from a one-week break May 28. CP rail service in [...] Hanjin Shipping’s container shipping unit posted a first quarter operating loss of 237.8 billion won ($208 million) as weak rates offset a 7.4 percent increase in container volume. The South Korean carrier’s operating loss on containers widened from $27 million in the first quarter of 2011. Container revenue slipped 0.3 percent to $1.570 billion. Container [...] The Port of Portland plans to dredge 10,000 to 40,000 cubic yards of Willamette River sediment near its T-2 terminal and deposit it on the port’s west Hayden Island property. The port describes the dredging as routine maintenance necessary to assure safe navigation of the river. The Oregon Department of Environmental Quality has reviewed analytical [...]
In 2009 several developers and equity firms made similar offers, which were rejected by Gov. Bob McDonnell. McDonnell has since replaced 10 of the 11 Virginia Ports Authority members with trustees who have long business backgrounds. A unit of Danish shipping conglomerate Maersk wants to purchase operating rights of the Port of Virginia’s cargo terminals [...] |
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