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Port of Newport looks to diversify

Modified: Thursday, Jun 5th, 2014


(News-Times file photo)


NEWPORT — A market correction has decelerated China’s booming import of logs from Northwest ports during the last two months, an event that has the Port of Newport promising to diversify exports from its new International Terminal.

“The price of timber in China has been pushed way down, and there’s not the demand for logs there has been over the last few years,” said port General Manager Kevin Greenwood. “So we have to be cautious moving forward, including looking for other potential markets.”

The port’s top priority continues to be the dredging project in front of the terminal, which is scheduled to be completed later this year and will allow the berthing of large cargo ships.

That project took another step forward last week when Pacific Habitat Services submitted a biological assessment for the berth deepening to both the U.S. Army Corps of Engineers and the National Marine Fisheries Service.

The official turnaround time for federal agencies is 120 days, but Greenwood expects approval sooner than that with the goal of having the dredging begin in November.







For the complete article see the 06-04-2014 issue.

Click here to purchase an electronic version of the 06-04-2014 paper.


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