CHINA SHIPPING, YANG MING SIGN AGREEMENT FOR COMBINED TERMINAL
China Shipping Group, Yang Ming Marine Co. Ltd., and Marine Terminals Ltd. have concluded a joint venture agreement for West Terminal Inc. in the port of Los Angeles.
West Terminal is a reorganization of the port’s Berth 100 terminal leased by China Shipping Group and the Berth 126 terminal leased by Yangming. The new 300-acre facility will have seven container berths that are equipped with 16 quayside gantry cranes (13 of them post-Panamax).
The combined terminal is expected to have an annual throughput of 1.5 million TEUs.