The Port of Portland's biggest trans-Pacific container carrier, Hanjin Shipping Co., intends to pull out of Portland after two decades of service.
Ending weekly service would be a major blow to the Northwest economy, hurting big importers such as Fred Meyer and Columbia Sportswear Co. and numerous exporters that would have to pay more to truck containers to the Port of Seattle. The pullout in January would also end a $250,000 weekly payroll for longshore workers who load and unload the vessels at Terminal 6 in North Portland.
It could jeopardize, too, the international container terminal as a business entity, potentially pricing out the remaining two carriers, Westwood Shipping Lines and Hapag-Lloyd.
Read more at OregonLive.com.