Container Carrier Decides to Leave Portland
by Erin McCarty
The Oregonian, July 10, 2007
Israel-based Zim Integrated Shipping Services Ltd. formally notified the Port of Portland on Tuesday that its container ships would no longer call in the River City, effective Sept. 2.
Port executives had hoped Zim's entry into Oregon last May would lead to a resurgence in container volumes. Import and export of the metal boxes - vital to overseas movement of consumer goods from electronics to furniture to sporting goods - spur job growth for longshoremen, truck drivers and others.
The Port had languished with only two container carriers, Hanjin Shipping and Hapag Lloyd Container Line, for all of 2005. Two carriers pulled out late in 2004, and container volumes plummeted.
But Zim and Taiwan's Yang Ming Transport Corp. began calling in Portland in 2006. Container volumes have risen more than 40 percent this year.
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