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|Wednesday, July 14, 2010|
The new line is partially restoring the crucial service that disappeared when the Tokyo “K” Line left
For agricultural producers it will save time and money from having to truck their goods north to ports in
Westwood will serve dry goods only, which will bode well for lumber and hay producers but will severely limit the producers who can use the service. Brenda Barnes, the director of customer services at the freight forwarder Allports Forwarding Inc. in
“It’s only 200 container slots once a month so they can’t accommodate everyone’s products, so yes it's positive they are coming in, but a “K” Line like service would be more positive,” said Barnes.
Overall container traffic is down 8% year-to-date and exports are down 16.4%.
Even with the new line there are still equipment issues limiting what can leave the dock. Unlike most ports,
“Demand is going to spike again in the next month or so,” said Barnes. “You are not going to get on the ships you want and there aren’t enough containers.”
Marine Operations Marketing Manager Steve Mickelson said the port doesn’t expect any new services any time soon and is putting most of its energy into preparing for a major change in management. The port has signed a 25-year lease with Philippines International Container Terminal Service to run its most important marine terminal. The agreement brings in well-connected CEO Enrique Razon Jr., who is worth an estimated $620 million, who will take over starting February of 2011. Razon and the new company will handle all the operating and marketing for the port. The new company already owns a number of ports in the
Razon will have a deeper channel to sell to shippers as a 5-year, $186 million dredging project wraps up, increasing channel depth from 40 to 43 feed. The added depth will allow ships to carry heavier cargo making the port more attractive to bigger vessels and more shipping lines like Westwood.
Time will tell whether a bigger company and a deeper channel can boost Portland's shipping fortunes.
Jessica Hoch is an online reporter for Oregon Business.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Thursday, August 28, 2014
OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.
Wednesday, August 27, 2014
Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.
Wednesday, August 20, 2014
By Kim Moore | OB Editor
The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.
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.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Powerlist: Staffing Firms|
|Taxis Uber Alles?|
|Halliburton to pay $1.1B to settle lawsuits|
|U.S. eating habits improve, except among poor|
|Google tests drone deliveries|
|Abercrombie to remove logos from most clothing|
|FBI investigates JPMorgan 'cyber-attack'|
|GoPro launches camera dog harnesses|
|Snapchat now worth $10B|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.