Container Terminal Commits $200 Million to Zero-Emission Equipment

The Los Angeles Board of Harbor Commissioners has approved a 30-year lease with Yusen Terminals, securing the longtime Port of Los Angeles marine terminal operator through 2056 and paving the way for an additional $200 million investment in zero-emission cargo-handling equipment.

 Multiple port clean air initiatives

Yusen Terminals has operated at the Port of Los Angeles since 1991. Spanning 232 acres at Berths 212-224, it is located north of the Vincent Thomas Bridge along the Port’s East Basin Channel. Yusen Terminals is an active participant in multiple Port clean air initiatives, with strong community partnerships across the Los Angeles Harbor area.

“We greatly value our longstanding partnership with Yusen Terminals and the role they play in the success of our Port,” said Port of Los Angeles Executive Director Gene Seroka. “Their commitment to excellence and willingness to work closely with us have been invaluable, especially in advancing our clean air initiatives. When we called on terminals to test and incorporate zero-emission equipment, Yusen Terminals immediately stepped up.”

Under the approved lease extension,

“We’re proud of the operation we’ve built at the Port of Los Angeles and excited about what lies ahead,” said Yusen Terminals President and CEO Alan McCorkle. “This agreement gives us the long-term certainty to continue investing in our terminal, our people and new technology while providing the reliable service our customers expect. We look forward to building on our partnership with the Port for decades to come.

Related: Port of Los Angeles hits second-busiest July with 960,464 TEU

Under the approved lease extension, Yusen Terminals will invest an additional $200 million in zero-emission equipment over the coming years. 

The terminal has been actively transitioning its equipment toward zero-emission operations and currently operates a range of zero-emission and hydrogen fuel-cell equipment, including electric top handlers, forklifts and yard tractors. 

About: Yusen Terminals

Yusen Terminals is owned by Ocean Network Express (ONE), one of the world's largest container shipping companies. Its services at the Port of Los Angeles include stevedoring, terminal operations and specialized cargo-handling. Yusen Terminals will celebrate its 35th anniversary at the Port later this year. 

Related: One orders six 16,000 TEU containerships from the Korean shipyard Hyundai.

About:  Ocean Network Express 

 Ocean Network Express  ONE is a Singapore-headquartered container shipping company operating more than 280 vessels with about 2.2m TEU of capacity and more than 165 services covering 120 countries.  ONE’s holding company is owned 38% by Nippon Yusen Kaisha, 31% by Mitsui O.S.K. Lines and 31% by Kawasaki Kisen Kaisha. The three Japanese groups operate across international shipping and related maritime businesses.

Source: Press Release

# Ocean Network Express ONE# Port of Los Angeles #Yusen Terminals #three decades