Green terminal lease inked at POLB
The Port of Long Beach (POLB) and Orient Overseas Container Line (OOCL) have signed a $4.6bn 40 year lease agrement for the new green Middle Harbor container terminal.
This is a really significant agreement for both port and operator – the “largest and most far-reaching” ever signed at POLB in terms of length of lease.
The deal means that the two partners will combine forces in what POLB deem to be a radical new green design in north American container terminal operations – the Middle Harbor container terminal project.
Sean Strawbridge, managing director, trade development & port operations at POLB, said to GreenPort: “It presents a new operating paradigm which will double capacity and productivity of the facility through the introduction of new container handling techniques. Yet these new technologies will reduce terminal emitted pollutants by well over 50%, with a target of 90% of terminal operations based emissions reduction once fully operational.”
The Middle Harbor development project will increase capacity of the facility to over 3m teu and “big ship ready.” POLB state that it will be the “crown jewel” in the port’s container terminal portfolio.
Mr Strawbridge added: “It’s a model for many future terminal developments, and a case study in how the introduction of advanced technologies designed to significantly improve productivity while significantly decreasing harmful emissions are the future of good movement. Economic growth and environmental sustainability are not mutually exclusive concepts. POLB recognised that back in 2005 when it adopted its Green Port Policy.”
But the port isn’t stopping there. POLB is also funding technology advancement programmes designed as incubators for new green transportation technologies.