From the Oregonian:
The Port of Portland proposes to pay as much as $4.7 million to the operator of its container terminal to cover losses from longshore labor problems, though the Port boss calls it “a complete waste” and a longshore union leader describes it as an abuse of public funds.
But Port managers [...]
Daily rates for Panamax vessels, that typically haul coal and grains, plunged to the lowest in more than eight weeks as a glut of ships swamps the number of cargoes available for loading.
Returns for Panamaxes, the largest size able to navigate the Panama Canal, lost 2.2 percent, sliding to $7,096 a day, the lowest [...]