This is a really significant agreement for both port and operator \u2013 the \u201clargest and most far-reaching\u201d ever signed at POLB in terms of length of lease. The deal also helps to further solidify an enduring relationship – OOCL has been at Long Beach since it entered into US trade in 1969.<\/p>\n
The deal means that the two partners will combine forces in what POLB deem to be a radical new design in north American container terminal operations \u2013 the Middle Harbor container terminal project.<\/p>\n
Sean Strawbridge, managing director, trade development & port operations at POLB, said to Port Strategy<\/i>: \u201cIt 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.\u201d<\/p>\n
The Middle Harbor development project will increase capacity of the facility to over 3m teu and make it \u201cbig ship ready.\u201d POLB state that it will be the \u201ccrown jewel\u201d in the port’s container terminal portfolio.<\/p>\n
Mr Strawbridge added: \u201cThis is just one example of where the Port of Long Beach invests its capital. The result is sustainable growth in our business, in jobs for our region, and ultimately a strategy to make our nation more competitive.”<\/p>\n
With such innovative changes comes an element of risk. But managed properly, the Port of Long Beach and its partner, OOCL , is confident of the success of the terminal. \u201cIf we weren\u2019t, we wouldn\u2019t make such a bold move in an otherwise challenging economic era\u201d, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Port of Long Beach (POLB) and Orient Overseas Container Line (OOCL) have signed a $4.6bn 40 year lease agreement for the new Middle Harbor container terminal.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[53],"tags":[],"sponsor":[],"class_list":["post-8460","post","type-post","status-publish","format-standard","hentry","category-north-america"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=8460"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/8460\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=8460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=8460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=8460"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=8460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}