Long Beach Container Terminal News

Unions hope a $30 million grant to electrify tractors in a Long Beach, California, port terminal's final push to become the world's first zero-emissions facility will serve as a bulwark against lost jobs in an era of energy transition and increasing automation. The money from U.S. President Joe Biden's administration for Long Beach Container Terminal's purchase of 60 electric yard tractors that haul shipping containers from stacks to waiting trains comes with strings attached…

Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in the face of “inelastic” throughput capacity (which includes vessels and their landside interfaces to surface transportation, trucks and rail) that could not handle the swell, attributable to re-stocking of containerized cargo as economic activity recovered from the pandemic induced jolts.

The Port of Long Beach announced it has completed a new container terminal, which it ranks as one of the world's most technologically advanced cargo facilitiesThe Long Beach Container Terminal at Middle Harbor is equipped with nearly all electric and zero-emissions equipment designed to improve cargo flow and dramatically enhance air quality amid an era of significant growth at the nation’s second-busiest seaport.“As the world’s first all-electric, zero-emission mega terminal…

The largest container terminal in America, Long Beach Container Terminal Inc (LBCT) has officially developed “Application Programming Interfaces” (APIs) to improve upon the Terminal’s ease of doing business with the truck drayage community at large.LBCT is the first Marine Terminal Operator (MTO) at either the Port of Los Angeles or Long Beach to provide an API solution as a modern interface for trucking companies to integrate with their terminal operator partners, said LBCT President Anthony Otto.According to a press release, this new platform allows for the efficient and even flow of data between trucking companies and the MTOs, which…

Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion.OOIL, which is majority-owned by Cosco Shipping Holdings, was the terminal operator under a lease agreement with the port. It has entered into a Sale and Purchase Agreement to sell 100% of LBCT  to the consortium led by Macquarie Infrastructure Partners (MIP). LBCT LLC operates the container terminal in the Port of Long Beach, California, United States.The sale is undertaken pursuant to the National Security Agreement entered into by OOIL, Faulkner Global Holdings Limited, a subsidiary of COSCO SHIPPING Holdings Co., Ltd, and the U.S. Department of Homeland Security and the U.S.

Kalmar, part of Cargotec, has signed a contract to supply a fully electric Kalmar Ottawa T2e electric terminal tractor to Long Beach Container Terminal (LBCT) for a six-month demonstration period. The order was booked in Cargotec's 2018 third-quarter order intake with delivery scheduled for Q1 of 2019. A press release from the cargo handling solutions and services provider the Port of Long Beach, California, is the second-busiest container seaport in the U.S. and handles trade worth in excess of USD 180 billion from 175 shipping lines annually.More than 7.5 million container units passed through the port in 2017. LBCT already relies on a wide variety of Kalmar equipment to handle container traffic, including Kalmar rubber-tired gantry cranes and Kalmar Ottawa terminal tractors.U.S.

Hong Kong-based container shipping and logistics service company Orient Overseas Container Line (OOCL) said that it has been taking concrete, meaningful and progressive steps in our long-term commitment to protecting the environment and reducing emissions in the communities where it operates by meeting our Greenhouse Gas (GHG) verification targets spanning from Scopes 1 to 3.A press release from OOCL stated: "We are pleased to announce that our GHG Scope 3 reporting and verification has successfully been expanded to include indirect emissions from not only business travel by air for employees of our Hong Kong office, but also for our two terminals…

China's COSCO Shipping Holdings Co Ltd on Thursday said first-half profits fell 97.8 percent as it grappled with higher costs and a slide in freight rates.China's largest shipping group, which has bought a Hong Kong peer to become the world's third-largest container liner, said January-June net profit was 40.8 million yuan ($6 million), down from 1.86 billion yuan in the same period last year.After a prolonged slump, the global container shipping industry entered a period of recovery last year. However, COSCO said the delivery of a number of new large ships had worsened the industry's current oversupply of vessels, pressuring rates.In July, a key U.S.

China’s Cosco Shipping Holdings Co received the clearance  of a U.S. national-security review body, removing a major overhang of the USD 6.3 billion deal of taking over Orient Overseas International Ltd (OOCL). According to a Reuters' report, the U.S. Committee on Foreign Investment in the United States had notified it that it does not have any outstanding security issues following an agreement with the U.S. government to divest the Long Beach container terminal business to a third party. Cosco said the U.S. regulator has cleared its planned takeover of the Hong Kong-based container shipping operator, after Cosco agreed to place a large container terminal in Long Beach, Calif., into a U.S.-run trust and put it up for sale.

About 500 people gathered at the Long Beach Convention Center for the event, which brings together a panel of shipping and trade experts to offer their perspectives on industry trends and how they affect the San Pedro Bay port complex. One of the panelists, Drewry Maritime Research Senior Quantitative Economist Mario Moreno, predicted Asia-U.S. trade will grow 6.8 percent in 2018, the fastest pace in more than half-a-dozen years. He also estimated the overall U.S. economy will expand 2.8 percent. While President Donald Trump and China have proposed higher tariffs, an all-out trade war between China and the United States appears unlikely, according to Moreno. “Both nations have a lot to lose,” Moreno said.

The Port of Long Beach notched clean air records in its latest study of air pollution emissions, including an 88 percent reduction in diesel particulate matter, continuing more than a decade of air quality improvements. The first phase of the zero-emissions Long Beach Container Terminal opened on Pier E in 2016, helping to drive down the air pollution tallied in the Port’s annual Emissions Inventory, which was completed this week. The Port has been monitoring its progress in air quality improvements since 2005. “The Port of Long Beach, in partnership with the Port of Los Angeles, has been a global leader in reducing pollution associated with goods movement,” said Long Beach Mayor Robert Garcia.

Orient Overseas International (OOIL) and its container unit OOCL have a good track record for above-average profits in a challenging market and a reputation for being a very well-run company, earning the moniker “The Perfect Bride” by Drewry Maritime Financial Research. Retaining the management team, processes and systems is a wise move and could be of enormous value to Cosco Shipping Holdings (Cosco), Drewry said. OOCL has an owned-fleet of 66 containerships aggregating approximately 440,000 teu. It is a young and modern fleet with an average age of 7.1 years and average nominal capacity of 6,600 teu. It is introducing its first 21,000 teu vessel with five more to deliver and options for another six which it could easily exercise.

The Port of Long Beach and Long Beach Container Terminal have received a Clean Air Award for working to reduce pollution in Southern California with the Middle Harbor redevelopment project. Given by the South Coast Air Quality Management District, the award in the category of Business Leadership in Air Quality Achievement is for outstanding effort to advance effective solutions to the problem of poor air quality in the region. It was presented today at the SCAQMD’s 28th annual Clean Air Awards luncheon in Riverside. “We’re building the Green Port of the Future, and Middle Harbor is a big part of that,” said Harbor Commission President Lori Ann Guzmán. “The terminal is the world’s greenest and most sustainable.

In OOCL’s commitment to environmental protection and data integrity standards, we are pleased to announce that OOCL has taken a further step forward in our Greenhouse Gas (GHG) reporting by extending the scope to container terminals, namely Long Beach Container Terminal, LLC. (LBCT) in the United States and Kaohsiung Container Terminal (KAOCT) in Taiwan. Each year, OOCL ensures that such standards are consistent and upheld by certifying our environmental data through independent business assurance service providers. Accredited by Lloyd’s Register (LR), this is the third consecutive year that OOCL has achieved dual reporting standards through the use of Clean Cargo Working Group (CCWG) and ISO 14064-1:2006 verification tools.

Four structures at the Port of Long Beach’s newest marine terminal recently earned the coveted “gold” status in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system, which encourages the use of Earth-friendly features that save energy, conserve water and use recycled materials. Located at Long Beach Container Terminal’s new Pier E facility at Middle Harbor, the four buildings function as administrative offices and meeting space, an information technology center, and maintenance and operations structures. They range in size from 10,000 square feet to 50,000 square feet and were completed last year in preparation for this spring’s opening of the new terminal. The LEED awards are for the first phase of the new terminal.

The largest containership ever to dock at a North American seaport has returned to Southern California. The Benjamin Franklin will officially enter service for the first time on Friday in Long Beach following an inauguration ceremony hosted by French shipping line CMA CGM and attended by elected leaders, port officials and industry executives. The CMA CGM Benjamin Franklin, which has a container capacity of 18,000 twenty-foot equivalent units (TEUs) or 9,000 40-foot-long boxes, arrived Thursday morning at Pier J’s Pacific Container Terminal (PCT).

Shipping lines, environmental organizations, trucking companies, terminal operators and a railroad were honored today, July 29, by Long Beach Mayor Dr. Robert Garcia and the Port of Long Beach at the annual Environmental Achievement Awards. The awards are an outgrowth of the groundbreaking Green Port Policy, the Port’s commitment to improving the environment. Approved in 2005 by the Long Beach Board of Harbor Commissioners, the policy put the Port on the path to become a world leader in environmental stewardship. At today’s event, Mayor Garcia introduced the “Mayor’s Green Port Award,” which was presented to terminal operator Long Beach Container Terminal.

In his first-ever State of the Port address, Port of Long Beach Chief Executive Jon Slangerup on Thursday unveiled plans for congestion-beating smart systems for cargo movement and an all-out push to achieve energy resilience for port operations with wind turbines, solar cells and other clean technologies. Speaking to an audience of nearly 900 at the Long Beach Convention Center’s Pacific Ballroom, Slangerup summed up the Port of Long Beach’s achievements in 2014 then gave his expectations for 2015 and beyond, setting high goals for himself and the port.

Port of Long Beach Chief Executive Jon Slangerup on Thursday unveiled ambitious plans for congestion-beating smart systems for cargo movement and an all-out push to achieve energy resilience for port operations with wind turbines, solar cells and other clean technologies, in his first-ever “State of the Port” address. Speaking to a record audience of nearly 900 at the Long Beach Convention Center’s Pacific Ballroom, Slangerup summed up the Port of Long Beach’s achievements in 2014 then gave his expectations for 2015 and beyond, setting high goals for himself and the Port. Slangerup’s address followed welcoming comments by Long Beach Mayor Robert Garcia, Harbor Commission President Doug Drummond and Harbor Commission Vice President Rich Dines.

Long Beach Mayor Robert Garcia, Harbor Commissioners and senior Harbor Department staff are traveling to several Asian countries, meeting with the Port of Long Beach’s key customers to retain and bring more business to Long Beach. The Long Beach officials are scheduled to meet with senior leadership of shipping lines based in China, Hong Kong, Taiwan, Korea and Japan to explain the Port’s competitive advantages for business, and to introduce the new Mayor, Harbor Commissioners and Chief Executive.

M&A (Merger & Acquisition) activity in the US container terminal sector is currently at its highest level since the boom time of the mid-2000s. However, whilst the type of buyer is largely similar to what it was, the rationale for pursuing today’s deals is different, considers Drewry Maritime Research (DMR) in their latest 'Container Insight Weekly'. The US container terminal sector has seen numerous high profile deals so far this year.Most of the parties on the buy side of the deals are infrastructure and financial players – the same type of buyers that were most active in acquiring US terminals in the mid-2000s. Their aims and motivations today though are somewhat different to what they were.

Navis announced that Pier F at Long Beach Container Terminal (LBCT) has gone live with Navis’ N4 terminal operating system (TOS). This implementation allows LBCT to streamline current operations and prepare for the implementation of N4 for the new advanced terminal under construction at Middle Harbor Terminal in Long Beach, California. LBCT and the Middle Harbor Terminal project will create one of the most advanced and energy efficient container terminals in the world. It is also expected to boost the local economy, creating nearly 14,000 jobs in the greater Los Angeles/Long Beach area as a result and bring a competitive advantage to the regional and national supply chain. navis.com

Containerized cargo volume at the Port of Long Beach surged 16 percent in August compared to the same month one year ago, with double-digit percentage gains in both imports and exports. Latest Middle Harbor project update shows significant progress. August 2013 is not only the busiest month in 2013 so far, but is the busiest month for cargo at Long Beach since October 2007. August through October each year is traditionally the “peak season” for ocean-borne imports, as retailers prepare for a rise in buying as the end-of-the-year holidays approach.