Yusen Terminals will remain at the Port of Los Angeles for another three decades after the Los Angeles Board of Harbor Commissioners approved a new 30-year lease agreement extending the operator’s presence at the port through 2056.
The agreement also includes a commitment from Yusen to invest an additional $200 million in zero-emission cargo-handling equipment in the coming years. The investment is expected to support the terminal’s transition toward cleaner operations while reinforcing Yusen’s long-established position at one of the United States’ busiest ports.
Yusen Terminals is part of Singapore-based Ocean Network Express (ONE), whose shareholders include Japan’s Nippon Yusen Kaisha (NYK Line), Mitsui O.S.K. Lines (MOL) and Kawasaki Kisen Kaisha (K Line).
The company has operated at the Port of Los Angeles since 1991. Its terminal covers 232 acres across Berths 212 through 224 and handles approximately 1.5 million TEUs annually, making it the fifth-largest of the port’s six container terminals by volume.
In addition to serving vessels operated by ONE, the terminal also receives calls from Hapag-Lloyd, Hyundai Merchant Marine, Wan Hai Lines and Yang Ming.
Port of Los Angeles Executive Director Gene Seroka welcomed the lease extension and highlighted Yusen’s role in the port’s environmental initiatives.
“We greatly value our longstanding partnership with Yusen Terminals and the role they play in the success of our Port,” Seroka said in a release. “Their commitment to excellence and willingness to work closely with us have been invaluable, especially in advancing our clean air initiatives.”
According to Seroka, Yusen was among the terminal operators that responded quickly when the Port of Los Angeles called on operators to test and integrate zero-emission equipment into their operations.
The terminal already operates several types of zero-emission and hydrogen fuel-cell-powered equipment, including electric top handlers, forklifts and yard tractors. The additional $200 million investment associated with the lease extension will enable the further deployment of this type of technology.
Yusen Terminals President and Chief Executive Alan McCorkle said the new agreement provides the company with the long-term stability needed to continue developing its operations and investing in new technologies.
“We’re proud of the operation we’ve built at the Port of Los Angeles and excited about what lies ahead,” McCorkle said. “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.”
Yusen’s activities at the port include stevedoring, terminal operations and specialized cargo handling.
The company is one of seven marine terminal operators in Los Angeles. Other major operators include Maersk’s APM Terminals, Everport Terminal Services, which is part of Evergreen Marine, CMA CGM’s Fenix Marine Services, as well as two West Basin Container Terminals operated by China Shipping and Mediterranean Shipping Co.
With the new lease running until 2056 and a major investment planned for zero-emission equipment, the agreement strengthens Yusen’s long-term presence at the Port of Los Angeles while supporting the port’s broader efforts to reduce emissions from cargo-handling operations.
