Home Back Issues December 2010 Grain, Asian markets help boost growth at Port of Portland

Grain, Asian markets help boost growth at Port of Portland

| Print |  Email
Articles - December 2010
Wednesday, November 17, 2010

 

1210_ATS16
The Port of Portland has seen an increase in its marine business since last year. // Photo courtesy of the Port of Portland

The Port of Portland has seen a 36% increase in marine business so far in 2010, showing a positive trend for at least one area of business in Oregon.

Overall tonnage, used by the port to determine growth in business, was up 36% year-to-date in September, with growth in grain, steel and bulk mineral standing out. The port controls four marine terminals with eight major maritime tenants who have leases with the port. While each tenant has been affected by different global forces, improvement in both service and demand has been uniform overall, says executive director Bill Wyatt.

Port spokesman Josh Thomas says the port has seen double- and triple-digit improvement in most cargo categories this year.

The Pacific Northwest has seen a strong demand for grains this year because of bad harvests in Russia and Australia, Wyatt says. With its grain exports up 22% for the fiscal year ending in June, the port remains one of the strongest exporters of grain in the U.S.

The port also signed a 25-year lease in May with the world’s fourth-largest container company, Manila-based International Container Terminal Services Inc. The company will pay the port $8 million at signing, and an annual rent of $4.5 million.

This deal also coincides with deepening the port’s navigation channel from 40 to 43 feet, which the port hopes will attract bigger ships.

Westwood Shipping Lines, a subsidiary of Weyerhaeuser Co. based in Federal Way, Wash., signed a six-month contract, which includes the option to extend the agreement for an extra year, that began in July. This will open up shipping access to Japan and South Korea, which Wyatt says will help the overall growth of cargo volume. Westwood will carry non-refrigerated containerized agricultural products from valley, upriver and inland customers.

The port also operates Portland International Airport, which has seen a slight increase in both passenger and air cargo traffic in the first nine months of the year, according to airport spokesman Steve Johnson. Johnson attributes the increase in cargo to businesses restocking inventories early in the calendar year, and the increase in passenger traffic to service additions in new cities as well as an overall efficiency in flight arrivals and departures. Passenger traffic was up 0.7% and air cargo was up 4.6% year-to-date over last year.

“We came off a year in which all our employees [including] myself were subject to pay cuts, slowed capital spending, slowed discretionary expenditures, all while trying to be careful to keep costs down,” says Wyatt. “We acted very quickly, and this paid off for us and our tenants.”

MAX GELBER
 

More Articles

Gone Fishing

October 2014
Thursday, September 25, 2014
BY LORI TOBIAS

Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.


Read more...

A Recipe for Success

October 2014
Thursday, September 25, 2014
BY LINDA BAKER

Two businesswomen, two iconic food brands and one food-obsessed city. We thought this sounded like a recipe for good conversation. So in late August, Oregon Business sat down with Wendy Collie, CEO of New Seasons Market, and Kim Malek, owner of Salt & Straw, to discuss their rapidly expanding businesses and Oregon’s trendsetting food scene.


Read more...

November/December Preview: Revenge Forestry

News
Tuesday, October 14, 2014
BY JONATHAN FROCHTZWAJG

Seneca AW46A flare-up in the Elliott Forest raises questions about détente in Oregon’s timber wars.


Read more...

Private liberal arts education: superior outcomes, competitive price

Contributed Blogs
Tuesday, August 26, 2014
0826 thumb collegemoneyBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS