Key Takeaways
- The Port of Los Angeles has signed a new 30-year lease with Yusen Terminals, ensuring continuous operations until 2056.
- Yusen Terminals will invest over $200 million in zero-emission cargo-handling equipment, including battery and hydrogen-powered assets.
- The partnership is aimed at advancing clean air initiatives and enhancing service reliability at the port.
Investment in Clean Technology
The Port of Los Angeles has finalized a long-term lease agreement with Yusen Terminals, allowing the marine terminal operator to maintain operations at the port through 2056. This deal marks a significant step toward sustainability as Yusen commits to a substantial investment of over $200 million in zero-emission cargo-handling equipment.
Yusen Terminals has been part of the Port of Los Angeles since 1991, managing a 232-acre area at berths 212-224. Throughout its tenure, the company has actively engaged in various clean port initiatives, deploying electric forklifts, reach stackers, and terminal tractors to reduce emissions.
The new lease solidifies Yusen’s commitment to both the port’s operational capabilities and the surrounding community. As part of the agreement, the terminal will focus on investing in a diverse range of zero-emission equipment. This includes battery-powered and hydrogen-powered assets, showcasing their dedication to modernizing their operations while ensuring environmental responsibility.
Gene Seroka, Executive Director of the Port of Los Angeles, expressed the importance of the longstanding relationship with Yusen, highlighting how their collaboration has been pivotal in achieving clean air goals. “When we called on terminals to test and incorporate zero-emission equipment, Yusen Terminals immediately stepped up,” he affirmed, emphasizing the operator’s proactive approach to environmental initiatives.
In the context of electric equipment usage, heavy-duty terminal operations present an optimal setting due to short distances and heavy loads in a controlled environment. Yusen is not alone in this shift toward electrification; APM Terminals at Pier 400 has similarly embraced this trend, recently adding more electric yard dogs and planning further purchases of electric gantry cranes.
Yusen’s leadership recognizes the successful impact of electrification seen with other port operators. Alan McCorkle, President and CEO of Yusen Terminals, shared enthusiasm for the future, stating, “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.”
The dedication to sustainability and innovation positions Yusen to further enhance its operations while meeting the pressing requirements of climate change. The partnership with the Port of Los Angeles is expected to yield substantial benefits for both parties over the coming decades.
As this collaboration unfolds, stakeholders and the community will be keenly watching to see how Yusen responds to its ambitious commitment to zero-emission technology and what it means for the future operations at one of the largest ports in the U.S.
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