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Source: LVP
Source: NY Times
A.P. Moller-Maersk said Friday it had fourth-quarter earnings of $975 million on improved rates in its container subsidiary, the Associated Press reported.
Revenue in the fourth-quarter for the owner of the world’s largest shipping company, Maersk Line, rose almost 3% to $15 billion, AP reported.
Its full-year profit rose 6% to $60 billion, and revenue jumped 23% to 23.4 billion kroner, according to AP.
More at Transport Topics
After a moderate slip in 2012, log exports are heating up again on Lower Columbia docks in response to demand from growing Asian economies.
In February, Port of Longview dock workers are expected to load about 90,000 metric tons of logs on vessels bound for Asia, more than a fivefold increase from all of February 2012, according to the port. January’s log exports also outpaced the numbers from the same month the previous year.
The uptick in activity at the docks is good news for longshoremen, timberland owners and loggers throughout the Lower Columbia region, although increased foreign demand for logs could put the pinch on the area’s lumber producers, since the price of logs tends to rise during periods of high demand. Weyerhaeuser Co. officials say they expect more activity at their Longview dock, the company’s largest on the West Coast.
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Source: PR Newswire
Source: Left Foot Forward
Source: Washington Post
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