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Port Of Long Beach Highlights Financial Strength, Flexibility
Kinghood International Logistics Inc | Updated: Feb 03, 2017

Bond rating agency Moody’s Investors Services said the sale of Hanjin’s interest in Pier T, which accounts for 30 percent of the port’s revenue, is “credit positive.”

Officials at the Port of Long Beach are highlighting the port's flexibility and financial strength as they face challenges presented by changes in the container shipping industry.During a "State of the Port" event last week, Lori Ann Guzmán, the president of the Long Beach Board of Harbor Commissioners, said the bankruptcy of Hanjin Shipping, a decline in cargo volumes, and container carriers changing up alliances has “tested us.” Guzmán said the port has addressed those issues head on and demonstrated its ability to adapt.

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