SEPTEMBER 18, 2015

ECONOMIC DEVELOPMENT 

Port of Vancouver: The little economic engine that could

September 18, 2015, Vancouver Business Journal

“We’re coming off our best year in our 103-year history.”

That statement by Alastair Smith, chief marketing and sales officer at the Port of Vancouver, embodies the spirit of excitement and opportunity that pervades the port’s staff. In 2014, the port handled the most tonnage ever – 6.6 million metric tons (a 47 percent increase over 2013) – and generated $37.5 million in operating revenue (a 25 percent increase over 2013). Significant increases in grain exports and steel and wind energy imports formed the foundation of the record-setting year, with 35 percent more vessels and 23 percent more rail cars moving cargo to and from the port in 2014. Steel volume alone increased 495 percent. More than 56,000 rail cars moved through the port last year, thanks to increased rail capacity from the port’s West Vancouver Freight Access project.

Read more: http://www.vbjusa.com/news/top-stories/port-of-vancouver-the-little-economic-engine-that-could/

 

Foss Maritime chief: Shell oil rig brings family-wage jobs to Seattle

Steve Wilhelm, September 17, 2015, Puget Sound Business Journal

Foss Maritime continues to fight for the right to service a controversial Arctic oil rig at the Port of Seattle’s Terminal 5, and Foss CEO Paul Stevens said why on Thursday.

Speaking at a Seattle gathering of 100 maritime industrial leaders supportive of Shell Oil and its controversial drilling program north of the Arctic Circle, Stevens said Foss’ environmental values are not compromised by servicing the rig for Shell..

Read more: http://www.bizjournals.com/seattle/blog/2015/09/foss-maritime-chief-shell-oilrig-brings-family.html

 

 

TRADE 

Rocketing Sea-Tac volume latest sign of importers returning to West Coast

Bill Mongelluzzo, September 18, 2015, JOC.com

Volume through the Northwest Seaport Alliance of Seattle and Tacoma rose at double-digit clip, the latest potential sign that importers are returning to the West Coast amid peak season.

On a year-over-year basis, imports rocketed 21.6 percent and exports jumped 26.1, equating to a total rise of 23.7 percent in international volume at the Pacific Northwest Gateway. In August, volume rose 15.1 percent at Oakland and 23 percent through Long Beach compared to the same period in 2014. The 3.8 percent rise in Los Angeles traffic during the same period was the strongest since the peak year of 2006.

Read more: http://www.joc.com/port-news/us-ports/port-seattle/rocketing-sea-tac-volume-latest-sign-importers-returning-west-coast_20150918.html

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