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Portland offers Hanjin US$20/box to keep line calling at port
WITH South Korea's Hanjin Shipping accounting for 80 per cent of the Port of Portland's container throughput of 14,000 TEU per month, port commissioners have voted to approve a cash incentive scheme to retain its largest shipping line customer.
The offer to pay Hanjin Shipping and other carriers, including Hamburg Sud and Hapag-Lloyd, US$20 per container moved through Portland comes as Hanjin has been threatening to pull services due to escalating costs and labour disruptions.
The Oregon port will pay a further $25 per container for additional boxes above a predetermined level, up to a limit of $4 million during the course of the one-year scheme, reported Lloyd's List.
At present Hanjin Shipping's weekly Pacific Northwest Express service calls at the port, while Hamburg Sud and Hapag-Lloyd jointly operate a Mediterranean-Pacific loop that calls at Portland.
It is not known whether the incentive programme will entice Hanjin to continue its weekly Pacific Northwest Express service, but port officials believe the incentive is a basic requirement.
Portland's Terminal 6 concession is run by Philippines-based International Container Terminal Services Inc and was ICTSI's first foray into a developed market.
The offer to pay Hanjin Shipping and other carriers, including Hamburg Sud and Hapag-Lloyd, US$20 per container moved through Portland comes as Hanjin has been threatening to pull services due to escalating costs and labour disruptions.
The Oregon port will pay a further $25 per container for additional boxes above a predetermined level, up to a limit of $4 million during the course of the one-year scheme, reported Lloyd's List.
At present Hanjin Shipping's weekly Pacific Northwest Express service calls at the port, while Hamburg Sud and Hapag-Lloyd jointly operate a Mediterranean-Pacific loop that calls at Portland.
It is not known whether the incentive programme will entice Hanjin to continue its weekly Pacific Northwest Express service, but port officials believe the incentive is a basic requirement.
Portland's Terminal 6 concession is run by Philippines-based International Container Terminal Services Inc and was ICTSI's first foray into a developed market.
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