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Tag Archives: Container Terminal

Macquarie buys Long Beach Container Terminal from OOCL for $1.78 billion

PortandTerminal.com, April 30, 2019 Long Beach, CA – Cosco’s Orient Overseas (International) Limited announced its sale of Long Beach Container Terminal (LBCT) to a consortium led by Macquarie Infrastructure Partners on Tuesday for $1.78 Billion. The sale is following the National Security Agreement entered into by OOIL and its partners with the U.S. Department of Homeland Security and U.S. Department …

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Who owns the container terminals at the Port of Long Beach?

Peter Stewart, PortandTerminal.com, January 20, 2019 Long Beach, California – China’s influence at the Port of Long Beach has increased dramatically since its state-owned shipping line COSCO’s acquisition of rival shipping line OOCL. To get the deal approved COSCO has promised to sell off part of their container terminal stake at the port to quell the fears of regulators. Background …

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