Study: Sparrows Point Terminal to add US$1.54 b annually to Maryland economy
NewsThe economic impact study forecasts that the Sparrows Point Container Terminal will contribute US$1.54 billion annually to Maryland’s economy.
Can’t see the wood for the trees
The forestry sector felt the downturn from the slow down in US housing construction before the credit crunch hit late last year. Forest product volumes were particularly weak in the East and Gulf Coast markets in 2008 as the Florida housing market was one of the worst hit. The Port of Beaumont, Texas saw volumes drop 43% to 107,000t and Port Arthur suffered a 15% decline from 341,000t to 291,000t.
Big drops were also reported at Canada’s Port Metro Vancouver in its statistics for the first two months of 2009. Log exports tumbled 61.7%, sheets, panels and boards fell 35% and other wood products were down 39.9%.
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This complete item is approximately 1500 words in length, and appeared in the April 2009 issue of WorldCargo News, on page 28. To access this issue download the PDF here.
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