This is the last thing we need to hear amid this bad economy that's really hurting our port.
Los Angeles Port's Rivals Make Gains(WSJ) Next month, shipping giant AP Moeller-Maersk will make a move that would have been unlikely a decade ago. A line of 6,000-container ships that now goes to Southern California will dock in Seattle instead.
While that represents a small fraction of the eight million containers handled annually at the Port of Los Angeles, it is an example of how the nation's largest port is coming under pressure as volumes drop. New regulations, such as tougher environmental restrictions, have made the port more fuel efficient, but the additional costs have made it more vulnerable to losing market share of U.S.-bound goods.
"Business on the West Coast will be more competitive" in the current economy, said Geraldine Knatz, the executive director of the port. "Pacific Northwest ports are marketing against us."
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