“This is another setback for US West Coast ports…”

Hanjin move another blow for US West Coast ports
By Martin Rushmere 
San Francisco 

Hanjin Shipping has signed a 30-year lease with the Jacksonville Port Authority for a US$300 million, 88-acre container terminal at Dames Point in northeast Florida. Expected to be up and running in 2011, it is expected to bring in $1 billion a year to local business, mostly from the 5,000 jobs that will be created, according to Jaxport officials.

This is another setback for US West Coast ports, which have been losing business as shipping lines focus on East Coast ports.

 

Read the rest of the story >

Advertisements