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

The barber is back

June 2014
Thursday, May 29, 2014
BY MIKE GREEN

An old profession is new again.


Read more...

Detox fashion

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

Remember mood rings? A team of scientists at Oregon State University has designed what might be considered a 21st-century analog of the ’70s jewelry fad: a bracelet that reveals one’s exposure to pollutants.


Read more...

Reader Input: Energy policy

June 2014
Thursday, May 29, 2014

How serious a problem is climate change? Readers want to have their cake and eat it, too.


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

EPA Standards: A breath of fresh air for the region

News
Thursday, June 12, 2014
EPABY ANDREA DURBIN | OB GUEST BLOGGER

Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


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