OOCL signs 40-year lease with Long Beach for Middle Harbour terminal (HK Shipping Gazette)
HONG KONG's Orient Overseas Container Line (OOCL), the 13th biggest carrier in the world, has signed a 40-year container terminal lease with the Port of Long Beach, according to a company statement.
The agreement, also known as the Middle Harbour Redevelopment Project (MHRP), was signed by OOCL chief executive Philip Chow and Port of Long Beach executive director Chris Lytle before representatives of the two parties and the International Longshore and Warehouse Union (ILWU).
The lease will help OOCL develop a more advanced terminal with the latest automation technologies that will "triple the handling capacity of its current terminal at Long Beach and cutting environmental emissions by half."
Said Mr Chow: "This land-lease agreement has been many years in the making and without the support of the citizens of Long Beach, the government, the ILWU, harbour commission, and all those who believe in the many benefits that this project will bring to the city and region, this day could have been possible."
Said Mr Lytle: "OOCL has been a valued Port of Long Beach business partner for many decades. The historic agreement we sign today strengthens and continues that partnership for many decades to come. The Middle Harbour property is key to the future competitiveness of the Port of Long Beach. And we could not have a better partner than OOCL."
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