terminal

Overseas Orient Container Line (OOCL) has sold its Long Beach Container Terminal for US$1.78 billion (HK$13.973 billion) in cash, it was announced today by OOCL’s owner, Overseas Orient International Ltd (OOIL; HKEX:0316). OOIL says that it expects to realize a gain of  just under US$1.3 billion from the deal.

After a soft opening earlier this month, the Appalachian Regional Port is officially open for business. The new inland terminal is located in Northwest Georgia and is set to service customers from four surrounding states.