The Port of Los Angeles has extended its agreement with Ocean Network Express (ONE) for the exclusive use of Terminal Island’s Pier T for an additional 30 years.
The extension secures ONE’s long-term presence at the port and reinforces the terminal’s role as a dedicated hub for the carrier’s U.S. West Coast operations. Pier T, located on Terminal Island in Los Angeles, California, has served as ONE’s primary facility since the carrier’s formation in 2017 through the merger of NYK Line, MOL, and K Line.
This agreement follows a comprehensive review by the Los Angeles Board of Harbor Commissioners, which unanimously approved the lease renewal on August 28, 2026. The renewed lease replaces the prior agreement that was set to expire in 2027, ensuring operational continuity without interruption.
Strategic Infrastructure Commitment
The Port of Los Angeles emphasized that the 30-year commitment reflects confidence in the region’s trade growth trajectory and the port’s infrastructure modernization efforts. Pier T is equipped with four ship-to-shore cranes and deep-water berths capable of accommodating the world’s largest container vessels.
Under the terms, Ocean Network Express will invest in facility upgrades, including electrification of ground support equipment and integration with the port’s Clean Air Action Plan, which targets zero-emission operations by 2035.
The agreement also includes provisions for joint planning on digital connectivity, such as real-time cargo tracking and automated gate systems, aligning with the port’s broader Digital Port Initiative.
Economic and Operational Impact
The extended lease is expected to sustain over 1,200 direct and indirect jobs in the Los Angeles area and contribute approximately $140 million annually in regional economic output, estimates.
Gene Seroka, Executive Director of the Port of Los Angeles, stated:
“This 30-year partnership with ONE strengthens our position as North America’s leading container gateway and ensures long-term reliability for shippers, carriers, and logistics providers across the supply chain.” — Gene Seroka, Executive Director, Port of Los Angeles
ONE’s current volume share at the Port of Los Angeles stands at roughly 18% of total container moves, making it one of the top three carriers by throughput at the facility.
Source: FreightWaves
Compiled from international media by the SCI.AI editorial team.
