Friday, May 18, 2012

Port of LB Celebrates Terminal Contract, Modernization

The Port of Long Beach on May 14 held a ceremony to commemorate construction of its in-progress $1.2 billion Middle Harbor construction project and a new 40-year, $4.6 billion lease on the property with Orient Overseas Container Line.

The event, which includes a ceremonial contract signing, attracted numerous industry and civic leaders, including OOCL CEO Philip Chow, International Longshore and Warehouse Union International President Robert McEllrath and Long Beach Mayor Bob Foster.

“What we speak of today is a collective vision - a vision to make the Port of Long Beach one of the world's most competitive ports,” Chow said during the ceremonies. “And the new design will make the Middle Harbor terminal the greenest in North America.”

Long Beach’s Middle Harbor project consists of combining two older facilities - one of which is vacant, and the other occupied by OOCL subsidiary Long Beach Container Terminal - into one facility that the port says could more than double trade while at the same time reduce air pollution by half.

Under the project, LBCT is expected to expand from its current 90-acre facility to the new, 304-acre terminal.

“In our industry we are too often criticized for lacking vision and not being forward thinking - the Middle Harbor project will turn all of that around,” LBCT President Anthony Otto said in prepared remarks during the ceremony. “This project is a testament to the concept of the whole being greater than the sum of its parts.”