News / US port will subsidise box line's call as Hanjin looks to cull unprofitable routes

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The announcement that financially troubled container line Hanjin Shipping is to persevere with its transpacific loop into USWC’s Portland, after receiving a $20 per box incentive from the Oregon port, is probably a slight diversion from the South Korean carrier’s new business plan.

Portland clearly could ill afford to say goodbye to a container line that accounts for 80% of its total weekly 2,000-box throughput at the Terminal 6 facility, supporting hundreds of local jobs.

“Low productivity and escalating costs” were the ...