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Learn about Port of Los Angeles Investor Relations, including Featured News, Key Projects, and The Team.
The Port of Los Angeles, America’s Port® and the premier gateway for international commerce, is located in San Pedro Bay, 25 miles south of downtown Los Angeles. This thriving seaport not only sustains its competitive edge with record-setting cargo operations, but is also known for groundbreaking environmental initiatives, progressive security measures, diverse recreational and educational facilities, and emerging LA Waterfront.
The Port of Los Angeles encompasses 7,500 acres of land and water along 43 miles of waterfront. It features 27 passenger and cargo terminals, including automobile, breakbulk, container, dry and liquid bulk, multi-use, and warehouse facilities that handle billions of dollars’ worth of cargo each year.
Complementing its busy terminal operations with green alternatives, the Port of Los Angeles remains committed to managing resources and conducting developments and operations in both an environmentally and fiscally responsible manner. The Port of Los Angeles has embarked on a 10-year, $2.6 billion infrastructure investment program and will to continue to raise the bar to increase efficiency. The Port remains committed to modernizing its facilities and helping to create better information flow for stakeholders via technology.
With an exceptional credit record, the Port maintains an AA bond rating, the highest rating attainable for self-funded ports. The Port also wields tremendous economic impact, generating employment for more than 3 million Americans nationwide. In California alone, nearly 1 million jobs are related to trade though the Port of Los Angeles.
Against the backdrop of international trade and shipping, the Port of Los Angeles boasts the World Cruise Center, quaint Ports O’ Call Village, welcoming Vincent Thomas Bridge, signature Fanfare Fountains & Water Features, historic Angels Gate Lighthouse, and open green space at 22nd Street and Wilmington Waterfront parks. The Port is also home to two historic U.S. warships open to the public: Battleship IOWA and SS Lane Victory Merchant Marine Museum and Memorial. Joining the LA Waterfront are WWII-era warehouses that have been transformed into CRAFTED at the Port of Los Angeles, a permanent craft marketplace, featuring local artists and designers, and Brouwerij West, a Belgian-style craft brewery.
Sustainable Progress News & Updates
Did you know that one in nine jobs in the greater Los Angeles region are connected to the San Pedro Bay Port Complex? #1in9 is a new video series by the Port of Los Angeles, spotlighting some of its stakeholders, ranging from community members to major corporations. From glass artists to tugboat operators, the series highlights the different careers and industries supported by trade through the Port of Los Angeles and surrounding five-county region.
Recent News Releases (released within the last three months)
A subsidiary of Japan-based Mitsui O.S.K. Lines Ltd., TraPac completed the final phase of its five-year, $460.7 million Port infrastructure program. The Port received $62.9 million in grants for this project. The final phase of construction included a new maintenance building, and on-dock rail and backland improvements. These are in addition to previously completed construction, which included extending the wharves to 4,600 linear feet, deepening water depth at Berths 144-147, installing new cranes, a pedestrian bridge, Alternative Maritime Power (AMP®), and constructing road and gate improvements, as well as terminal buildings. Trapac has invested over $180.0 million in automated equipment. Completion of the project makes the Port home to the first automated terminal/rail facility on the West Coast.
Yang Ming, a Taiwanese marine transport company that operates at the West Basin Container Terminal at Berths 121-131, Yang Ming plans to enhance its terminal facilities and deepen its berths to accommodate 14,000 TEU vessels and increase cargo volume. The environmental review process for the proposed berth improvement project by Yang Ming is expected to conclude in November 2018. As part of the project, the Port plans improvements at the terminal that will include construction of a new 1,260 linear-foot wharf at Berths 126-129, dredging to a depth of -53 feet at the newly constructed wharf, and expansion of the existing on-dock rail yard.
The Harbor Boulevard Roadway Improvement project will wrap up its third and final phase of construction in the summer of 2018. The reconfigured three-way intersection at Harbor Boulevard and Sampson Way in San Pedro will provide improved road and pedestrian access to the San Pedro Public Market when the new attraction is built. The third phase of construction included modifications that rerouted current traffic flow along Harbor Boulevard to the new three-way intersection along Harbor Boulevard at Sampson Way. Of the total project cost of $14.8 million, $5.9 million was funded through a grant from the Los Angeles County Metropolitan Transportation Authority with the remainder paid for by the Port.
In October 2018, the Board certified the Final Environmental Impact Report (EIR) for Everport’s adopted $67.0 million improvement project for Berths 226-236. Design work is in progress on proposed improvements to ready the terminal for 14,000 TEU vessels. Improvements include wharf upgrades at Berths 226-229 and Berths 230-232, and new berth depth increases to -53 feet and -47 feet respectively. The project will also involve constructing an additional 1.5 acres of backland and electrical improvements for additional cranes and five new AMP® connections. Construction is expected to start in early 2019.