In a move that will cause an 80% loss in the Port of Portland's container business, container line Hapag-Lloyd has said that it will no longer be calling at the port.
Hapag-Lloyd recently merged its container line with CSAV in a bid to lower costs, which will enable it to generate around US$12bn annually.
A statement released by global terminal operator ICTSI, who operate a terminal at Portland, Oregon, read: "Coupled with Hanjin's recent announcement to leave Portland and discontinue its Asia service, Hapag-Lloyd's departure will adversely affect regional businesses that rely on Terminal 6.
"Despite these challenges, ICTSI Oregon is committed to this region and will forge ahead to seek new direct container service to Asia and Europe. Retaining and attracting new carriers to Terminal 6 is our highest priority.
"There is substantial market demand for exporting and importing goods to and from Asia and Europe through Terminal 6. As a result, we are taking calculated steps, in conjunction with the Port of Portland, toward seeking new carriers that can capitalse on the opportunities to serve this valuable market created by Hanjin's and Hapag-Lloyd's departure."
Port of Portland, Longshore Union Still Trading Blame, Barbs as Rest of West Goes Back to Work by Molly Harbarger, The Oregonian, 2/24/15
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