The Port of Los Angeles will begin this fall the environmental review process for liner carrier Yang Ming’s terminal enhancement, which includes deepening its berth to accommodate 14,000-TEU ships.
Yang Ming recently extended its lease by nine more years, which could net the port up to $525 million, in order to secure support for the new project. The port has agreed to invest $122 million in terminal improvements, constructing a new wharf at Berths 126-129 and dredging the new construction to a depth of 53 feet. The port will also expand the West Basin Intermodal Container Transfer Facility, which is a partnership among Yang Ming, Ports America and China Shipping.
Over the past five years, the port has put $1.2 billion into updating terminals and other projects. - Jon Ross