The Los Angeles Board of Harbor Commissioners has approved a 30-year lease extension with Yusen Terminals, a unit of Singapore-based Ocean Network Express, keeping the operator at the Port of Los Angeles through 2056. The agreement includes an additional $200 million investment in zero-emission cargo-handling equipment, building on Yusen’s existing fleet of electric and hydrogen fuel-cell machinery. Yusen has operated at the port since 1991 across 232 acres, handling roughly 1.5 million TEUs annually and ranking fifth among the port’s six terminals.
Select the link to learn more.
Original Article from Freight Waves | Written by Stuart Chris
Note: The articles in this newsletter are shared solely to keep our members informed on issues affecting the maritime community. Their inclusion does not constitute endorsement of any article’s conclusions, recommendations, or viewpoints.
Freight Waves Article: Port of Los Angeles Locks in ONE Terminal for 30 More Years
