The Port of Los Angles has approved a 30-year lease with Yusen Terminals, securing the longtime marine terminal operator through 2056 and paving the way for an additional $200 million investment in zero-emission cargo-handling equipment.
Yusen Terminals has operated at the Port of Los Angeles since 1991. Spanning 232 acres at Berths 212-224, it is located north of the Vincent Thomas Bridge along the Port’s East Basin Channel. The business is owned by Ocean Network Express (ONE), the Japanese container transportation and shipping company. Yusen’s services at the Port of Los Angeles include stevedoring, terminal operations, and specialized cargo-handling.
Under the approved lease extension, Yusen Terminals will invest an additional $200 million in zero-emission equipment over the coming years. The terminal has been actively transitioning its equipment toward zero-emission operations and currently operates a range of zero-emission and hydrogen fuel-cell equipment, including electric top handlers, forklifts, and yard tractors.
“We’re proud of the operation we’ve built at the Port of Los Angeles and excited about what lies ahead,” said Yusen Terminals President and CEO Alan McCorkle. “This agreement gives us the long-term certainty to continue investing in our terminal, our people and new technology while providing the reliable service our customers expect. We look forward to building on our partnership with the Port for decades to come.”
