Hanjin Shipping says it plans to leave Portland
The Oregonian reports Hanjin Shipping Co. Ltd., the Port of Portland's biggest trans-Pacific container carrier, has made plans to pull out of Portland.
The move would jeopardize the international container terminal because prices could increase substantially for the remaining two carriers.
A Hanjin spokesman says container handling costs and low longshore labor productivity made Portland too expensive.
The longshore union and the port operator, locked in a contract dispute, blamed each other for Hanjin's decision.
Hanjin has lost more than $100 million this year.
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