LA Harbor Commission Secures 30-Year Lease with Yusen Terminals, Boosting Zero-Emission Initiatives
The Los Angeles Board of Harbor Commissioners has approved a 30-year lease with Yusen Terminals, facilitating a $200 million investment in zero-emission cargo-handling equipment. This partnership, extending Yusen's tenure at the port until 2056, underscores the commitment to clean air initiatives and sustainable operations in the maritime industry.
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The Los Angeles Board of Harbor Commissioners has approved a 30-year lease with Yusen Terminals, ensuring the company's operations at the Port of Los Angeles continue through 2056. Yusen Terminals, which has a footprint of 232 acres at Berths 212-224, will invest $200 million in zero-emission cargo-handling equipment.
The terminal has been transitioning to zero-emission operations and currently uses electric top handlers, forklifts, and hydrogen fuel-cell equipment. Owned by Ocean Network Express, Yusen Terminals plays a vital role in stevedoring and specialized cargo-handling. The lease extension reflects both parties' commitment to advancing clean air initiatives but poses risks if emissions targets are not met, potentially affecting regulatory compliance.
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