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Hanjin Shipping’s container shipping unit posted a first quarter operating loss of 237.8 billion won ($208 million) as weak rates offset a 7.4 percent increase in container volume.
The South Korean carrier’s operating loss on containers widened from $27 million in the first quarter of 2011. Container revenue slipped 0.3 percent to $1.570 billion. Container volume rose to 1,014,838 twenty-foot-equivalent units.
More at the Journal of Commerce
The Port of Portland plans to dredge 10,000 to 40,000 cubic yards of Willamette River sediment near its T-2 terminal and deposit it on the port’s west Hayden Island property.
The port describes the dredging as routine maintenance necessary to assure safe navigation of the river.
The Oregon Department of Environmental Quality has reviewed analytical data about the sediments to ensure that contaminants are below levels of concern for people and animals, based on current and future uses of the site.
DEQ is holding a public information session about its findings at 6:30 p.m. Thursday, May 24, in the Town Meeting Room at Oxford Suites in Jantzen Beach, 12226 N. Jantzen Drive in Portland.
From the Portland Tribune
In 2009 several developers and equity firms made similar offers, which were rejected by Gov. Bob McDonnell. McDonnell has since replaced 10 of the 11 Virginia Ports Authority members with trustees who have long business backgrounds.A unit of Danish shipping conglomerate Maersk wants to purchase operating rights of the Port of Virginia’s cargo terminals for package of short-term and monthly payments valued at between $3.2 billion and $3.9 billion.
APM Terminals Inc. President Eric Sisco on Wednesday described his company’s unsolicited proposal to takeover operations at the terminals for the next 48 years.
International Longshoreman’s Association workers “would just have to report to us,” he said, rather than Virginia International Terminals, the Virginia Port Authority’s state-owned operating company.
More in the Daily Press
Horizon Lines recently issued the following statement from its interim President and CEO Stephen H. Fraser, opposing any changes to the 1920 Jones Act that imposes restrictions on shipping between U.S. Ports.
Horizon Lines is, and always has been, a very staunch supporter of the Jones Act and all of its requirements. The Jones Act stipulates that cargo shipped between two U.S. ports must be transported on vessels that are American-made, American-flagged, at least 75% American-owned and predominantly American crewed. We fully support these requirements and steadfastly believe they are vital to American economic, merchant marine, military, national and homeland security interests. The Jones Act has provided a strong foundation for America’s domestic shipping industry since 1920, and has enjoyed the long-standing support of the U.S. Navy, bi-partisan members of Congress and every president in modern history.
As one of the nation’s leading domestic ocean shipping companies and as a proud member of the American Maritime Partnership, Horizon Lines understands that the history and livelihood of our company, our customers and the markets we serve are inextricably linked to...
The Port of Los Angeles has become the first US port to adopt an international clean air program that rewards ocean carriers for bringing their newest and cleanest vessels to the port.
The Environmental Ship Index (ESI) program, will take effect from the start of July following the formal approval of the Los Angeles Board of Harbor Commissioners.
The ESI, already underway at several major European ports… offers immediate and significant clean air benefits by rewarding vessel operators for voluntary engine, fuel and technology enhancements that reduce emissions from ships beyond the regulatory environmental standards set by the International Maritime Organization (IMO).
More at Port Technology
Source: AJ
Source: Pantagraph
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