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OOCL bets on Long Beach

Monday, February 20, 2012

Hong Kong container line invests record amount in new SoCal terminal. By Eric Johnson and Eric Kulisch The liner carrier Orient Overseas Container Line has made a huge commitment to its operations in Southern California. In late January, the Hong Kong-based line tied up a deal with the Port of Long Beach to pay $4.6 billion over 40 years to lease the to-be-completed Middle Harbor property currently being redeveloped by the port. OOCL had already been a tenant on ...

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