Port of Long Beach to Sign $4.6B Middle Harbor Lease with OOCL
The Port of Long Beach has reached a tentative agreement on a 40-year, $4.6 billion lease with the Hong Kong-based Orient Overseas Container Line (OOCL) and its U.S. subsidiaries OOCL, LLC and Long Beach Container Terminal (LBCT) for the Middle…
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Harbor property. POLB states that this would be the largest deal of its kind for any U.S. seaport and is projected to generate more than 14,000 new, permanent jobs throughout Southern California by 2020.