Hanjin pulled out amid a dispute between the International Longshore and Warehouse Union and port operator ICTSI.
"I am absolutely delighted to announce new container service will begin at the Port of Portland's Terminal 6", Governor Brown said.
Hong-Kong based carrier Swire Shipping will offer general, non-containerized cargo and container service at Oregon's sole worldwide port from January 2018.
Swire's new shipping service is supported by a $250,000 Strategic Reserve Fund investment to help OR businesses get their get products to worldwide markets efficiently, and support Northwest shippers.
The announcement, made by Oregon Governor Kate Brown, the Port of Portland and Business Oregon, and follows a recent trade mission to Hong Kong, where the Governor joined port representatives to meet with Swire corporate executives.
Swire Shipping service and Cathay Pacific are partially or wholly owned by the Swire Group.
Container ships will resume calls to Portland in January, though on an extremely limited basis.
Shipments out will include Western Star trucks to Australia and containers to Australia and New Zealand.
The trucks are manufactured by Daimler Trucks North America at their Swan Island plant in Portland. "Strong trading partnerships and access to global markets allow OR businesses to grow, helping to sustain a thriving statewide economy".
"Not only will new container service bring jobs for Oregonians, it also gives more options to OR companies as we work to maximize Terminal 6".
Curtis Robinhold, Port of Portland Executive Director said: "The Port is focused on giving our local shippers a variety of options to move their goods efficiently". The news opens the door to more activity in the future, according to Mesaros.