China Shipping expands its footprint at Port of Los Angeles

When completed, expanded terminal operations will increase container terminal capacity to accommodate an annual throughput of 1.5 million TEUs
By Patrick Burnson, Executive Editor
April 20, 2011 - LM Editorial

China Shipping has completed a major phase of its terminal expansion project at the Port of Los Angeles, adding a new 925-foot section of wharf, 18 additional acres of backland and four new container cranes that will increase cargo throughput.

“This allows for the berthing of two ships simultaneously and positively positions China Shipping and the port for considerable growth opportunities,” said the carrier’s chairman, Li Shaode.

The news comes at time, however, when container throughput has been declining. According to Zepol Corporation—a leading trade data and market intelligence company—there’s been a shift in share over the past year.

“Long Beach and Los Angeles lost a combined 4 percent and 14 percent, respectively,” says Zepol’s president, Paul Rasmussen. “East Coast ports are picking up this traffic. NewYork/New Jersey and Houston were the biggest winners on the container front.”

China Shipping operates the West Basin Container Terminal at the Port of Los Angeles. With the most recent $47.6 million expansion phase completed, the terminal now has 2,125 feet of wharf space and eight super post-Panamax cranes, handling cargo operations for the China Shipping, Yang Ming, K-Line, Cosco, Hanjin, Sinotrans and Zim shipping lines. China Shipping also has a joint venture with a neighboring container terminal at the port, operated by Yang Ming Shipping Line.


As part of the latest improvements, an access bridge was also constructed between China Shipping and Yang Ming for truck movement of cargo between the two terminals. Over the next three years, 375 feet of additional wharf space will be added, along with more backland space that will eventually double the size of China Shipping to 142 acres.


When completed, China Shipping’s expanded terminal operations will increase container terminal capacity to accommodate an annual throughput of 1.5 million TEUs (twenty-foot equivalent units). China Shipping plans to install two additional super Post-Panamax cranes after the final wharf expansion is completed, bringing the total crane count to 10.

For related articles click here.



About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Forget cost cutting. Innovation and sustainability are the most important factors in business today. The companies that get it right can still win in a flat economy, says ISM CEO Tom Derry.

APICS and ASTL said they have signed off on an agreement in which AST&L will merge with APICS upon ratification by an AST&L member vote.

The average price per gallon of diesel rose 4.3 cents to $2.854 per gallon, following gains of 3.1 cents and 2.6 cents, respectively, the previous two weeks for a cumulative ten cent gain over the last three weeks.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.8 in April which was 1.3 percent above March and also 0.5 percent above the 12-month average of 57.3. Economic activity in the non-manufacturing sector has grown for the last 63 months, according to ISM.

Non asset-based 3PL XPO Logistics reported solid first quarter earnings last night, with total gross revenue seeing a 148.9 percent annual gain at $703.0 million and net revenue up 349.0 percent to $262.2 million. Despite the significant gains in total gross revenue and net revenue, the company had a $14.7 million quarterly net loss, which marked an improvement compared to a $28.3 million net loss a year ago.

About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review. Patrick covers international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. Contact Patrick Burnson

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA