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Commissioners approve shoreline permit for Kalama grain terminal expansion

The Daily News reports that 'the owners of the Temco terminal, formerly United Harvest, plan 12 additional storage silos, new rail lines, support buildings and conveyor belts. A previous 2010 permit had called for eight new silos.'Cowlitz County commissioners unanimously approved a shoreline permit for expansion of the Temco grain terminal at the Port of Kalama Tuesday.
The permit is one of many that’s needed for the $50 million expansion. Shoreline permits deal with work done along the Columbia River.
Rick Von Rock, a Kelso resident and former union representative at Longview Fibre Paper & Packaging, warned commissioners there could be union protests if construction is not done by local union workers.
More in the Daily News

Alphaliner: Most Container Lines to See Second Quarter Losses

The majority of ocean container carriers will lose money in the second quarter following their failure to fully implement rate hikes in May and June, Alphaliner says.
However, operating margins are expected to improve significantly in the period as average rates and capacity utilization have risen, while fuel costs have declined 5 percent, the container market analyst said.
More at the JOC

Container Lines Set to Repeat Mistakes in Supply Glut: Freight

Maersk and rivals such as Hapag-Lloyd and CMA CGM lost money last year as high fuel costs exacerbated a price war. In addition to raising freight rates in response, they pooled or idled ships and reduced speeds to curb vessel supply. The decline in the index indicates those price increases are reversing as ships are added back to the world fleet.The Shanghai Containerized Freight Index, a measure of prices for cargo leaving the world’s busiest port, has dropped 7.6 percent since May 4. It had risen 58 percent in the first four months of the year after A.P. Moeller-Maersk A/S (MAERSKB), owner of the world’s biggest container line, and other carriers implemented price increases.
“Somebody of the 15 lines contributing to the index must have undercut the jointly established higher freight rates,” said Kai Miller, head of the container desk at London-based ship broker ICAP Shipping. “More general rate increases were announced for the summertime, but that is now a big question mark.”
More at Business Week

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