The Los Angeles Board of Harbor Commissioners has approved a 30-year lease extension for Yusen Terminals, securing the marine terminal operator’s presence at the Port of Los Angeles through 2056. The agreement also clears the way for Yusen Terminals to invest an additional $200 million in zero-emission cargo-handling equipment.
Yusen Terminals has operated at the Port of Los Angeles since 1991. Under the new lease, the company will make the additional investment in zero-emission equipment over the coming years as it continues the transition of its terminal operations.
Expanding Zero-Emission Equipment
Yusen Terminals’ facility already operates a range of zero-emission and hydrogen fuel-cell equipment, including electric top handlers, forklifts and yard tractors.
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The new investment is expected to further expand the use of zero-emission technologies across cargo-handling operations at the terminal.
The Port of Los Angeles is served by more than 18,000 drayage trucks and, together with the adjacent Port of Long Beach, forms the busiest port complex in North America.
Both ports have been advancing the use of battery-electric and hydrogen fuel-cell technologies across their operations. The efforts cover not only drayage trucks and related charging and refuelling infrastructure but also cargo-handling and other port equipment.
Long-Term Commitment To Port Operations
The lease extension provides Yusen Terminals with a long-term operating framework while supporting continued investment in equipment, infrastructure and workforce development.
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“We greatly value our longstanding partnership with Yusen Terminals and the role they play in the success of our Port,” said Port of Los Angeles Executive Director Gene Seroka.
“Their commitment to excellence and willingness to work closely with us have been invaluable, especially in advancing our clean air initiatives. When we called on terminals to test and incorporate zero-emission equipment, Yusen Terminals immediately stepped up,” he added.
Yusen Terminals President and CEO Alan McCorkle said the agreement would provide greater certainty for future investment.
“We’re proud of the operation we’ve built at the Port of Los Angeles and excited about what lies ahead,” said 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,” he added.
Electrification At Major US Ports
The investment comes as the Port of Los Angeles and Port of Long Beach continue efforts to reduce emissions from freight and marine terminal operations.
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Zero-emission cargo-handling equipment can reduce emissions from activities such as moving containers within terminals, while electric and hydrogen-powered trucks are being developed and deployed to address emissions from freight transport.
The scale of the two-port complex makes the transition particularly significant for the wider US logistics sector. Infrastructure investment and fleet deployment across the ports can also provide a testbed for technologies that could eventually be adopted at other freight facilities.
Yusen Terminals Part Of ONE
Yusen Terminals is owned by Ocean Network Express (ONE), one of the world’s major container shipping companies.
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At the Port of Los Angeles, Yusen Terminals provides stevedoring, terminal operations and specialised cargo-handling services.
The new lease extends a relationship with the port that began more than three decades ago while linking the company’s long-term terminal strategy with continued investment in zero-emission equipment.