Tuesday, October 14, 2014
Port of Long Beach considers rate hike on non-container cargo
On Monday evening Long Beach harbor leaders will consider raising rates by 5 percent on non-containerized cargo, such as cars and petroleum coke.
Non-containerized cargo makes up approximately 25 percent of imports received at the Port of Long Beach, according to port spokesman Art Wong. If the harbor commission approves the Dec. 1 rate increase, an estimated $1.25 million in annual revenue would be generated that would fund port projects such as dredging, roadways and security—infrastructure improvements that specifically affect non-containerized cargo customers.
The harbor commissioners will also receive a budget and status update on the $1.3 million Middle Harbor Redevelopment project, which merges two old shipping terminals into a mega-terminal. Orient Overseas Container Line subsidiary Long Beach Container Terminal will call the new terminal home as early as 2015, when the first section becomes operational. The Middle Harbor project is slotted for completion in 2019.
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