2019-05-14 14:00

Orient Overseas International Limited Announces The Sale of Long Beach Container Terminal

Orient Overseas (International) Limited and Macquarie Infrastructure Partners (“MIP”) today announced that OOIL‘s wholly-owned subsidiaries, OOCL LLC and Long Beach Container Terminal, Inc., have entered into a Sale and Purchase Agreement to sell 100% of LBCT LLC to a consortium led by MIP, for US$1.78 billion. LBCT LLC operates the Long Beach Container Terminal (“LBCT”) in the Port of Long Beach, California, United States.

The sale is undertaken pursuant to the National Security Agreement entered into by OOIL, Faulkner Global Holdings Limited, a subsidiary of COSCO SHIPPING Holdings Co., Ltd, and the U.S. Department of Homeland Security and the U.S. Department of Justice on July 6, 2018, under which OOIL committed to divest its ownership of the Long Beach Container Terminal business.

As part of the sale, Orient Overseas Container Line Limited (“OOCL”), a subsidiary of OOIL, will also enter into a Container Stevedoring and Terminal Services Agreement with LBCT LLC for a 20-year period, confirming its significant long-term commitment to LBCT.

Commenting on the sale, Andy Tung, Co-Chief Executive Officer of OOCL, said: “Over the past thirty years, we have developed Long Beach Container Terminal into the safest, most efficient and lowest-emission terminal in the United States.

We are confident of the future prospects of the terminal under the ownership of MIP and its co-investors, and we look forward to being a long term strategic customer of Long Beach Container Terminal and the Port of Long Beach.”

Karl Kuchel, Chief Executive Officer of MIP, commented that: “We are pleased to acquire LBCT, a premier terminal in the largest port complex in North America, which serves as a gateway for trans-Pacific trade. This transaction marks another key milestone in our relationship with OOIL and we greatly appreciate their significant long-term customer commitment to LBCT.

We look forward to partnering with the Port of Long Beach and the LBCT management team to ensure that LBCT delivers high-quality service to OOCL and our other customers going forward. We are also committed to completing the current expansion of LBCT by 2022, which will significantly increase the capacity of the terminal.” 

< Korea Shipping Gazette >

로그인 후 작성 가능합니다.

0/250

확인
맨위로
맨위로

선박운항스케줄

인기 스케줄

  • BUSAN HOCHIMINH

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Heung-a Hochiminh 08/26 08/31 Heung-A
    Kmtc Gwangyang 08/26 09/06 Heung-A
    TBN-SEALS 08/26 09/13 SEALS KOREA
  • BUSAN HOCHIMINH

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Heung-a Hochiminh 08/26 08/31 Heung-A
    Kmtc Gwangyang 08/26 09/06 Heung-A
    TBN-SEALS 08/26 09/13 SEALS KOREA
  • BUSAN HOCHIMINH

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Heung-a Hochiminh 08/26 08/31 Heung-A
    Kmtc Gwangyang 08/26 09/06 Heung-A
    TBN-SEALS 08/26 09/13 SEALS KOREA
  • BUSAN XINGANG

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Starship Pegasus 08/24 08/28 KMTC
    Starship Pegasus 08/25 08/28 Dongjin
    Cosco Fos 08/27 08/29 COSCO Shipping Korea
  • BUSAN HOCHIMINH

    선박운항스케줄 목록 - 선박운항스케줄목록으로 Vessel, D-Date, A-Date, Agent를 나타내는 테이블입니다.
    Vessel D-Date A-Date Agent
    Heung-a Hochiminh 08/26 08/31 Heung-A
    Kmtc Gwangyang 08/26 09/06 Heung-A
    TBN-SEALS 08/26 09/13 SEALS KOREA
출발항
도착항
광고 문의
뉴스제보
포워딩 콘솔서비스(포워딩 전문업체를 알려드립니다.)
자유게시판
추천사이트
인터넷신문

BUSAN OSAKA

선박명 항차번호 출항일 도착항 도착일 Line Agent
x

스케줄 검색은 유료서비스입니다.
유료서비스를 이용하시면 더 많은 스케줄과
다양한 정보를 보실 수 있습니다.

로그인