{
  "id": 4017103,
  "title": "Port of Los Angeles locks in ONE terminal for 30 more years",
  "url": "https://urgent.news/2026/08/28/port-of-los-angeles-locks-in-one-terminal-for-30-more-years",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-28T18:18:00.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/port-of-los-angeles-locks-in-one-terminal-for-30-more-years"
  },
  "original_language": "en",
  "account": "The Port of Los Angeles has secured a 30-year lease for the marine terminal operated by Yusen Terminals, a subsidiary of Ocean Network Express (ONE). This agreement ensures the terminal's continued operation through 2056, providing stability for both the terminal and the port. Yusen, which has been present at the port since 1991, plans to invest an additional $200 million in zero-emission cargo-handling equipment over the next years. The terminal, located on 232 acres encompassing Berths 212-224, handles around 1.5 million TEUs annually and ranks fifth among the six terminals at the port. Yusen operates alongside various other shipping lines, including Hapag-Lloyd, Hyundai Merchant Marine, Wan Hai Lines, and Yang Ming. Port of Los Angeles Executive Director Gene Seroka highly valued the terminal's commitment to excellence and willingness to collaborate on clean air initiatives. Yusen President and CEO Alan McCorkle expressed pride in the operation and excitement for future advancements, emphasizing the long-term certainty the lease provides for continued investment in the terminal, its people, and new technology. The port also hosts other marine terminals, including Maersk's APM Terminals and Everport Terminal Services.",
  "summary": "A 30-year lease extension with a key terminal operator clears the way for $200 million in zero-emission cargo equipment investments at the Port of Los Angeles. The post Port of Los Angeles locks in ONE terminal for 30 more years appeared first on FreightWaves .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}