The Port of Los Angeles has introduced a new incentive programme to reward shipping lines that bring new container business to the port. Under the scheme, a shipping company can earn US$5 per TEU for each incremental container it ships through the port in 2014. The rate jumps to US$15 per TEU for and TEUs, if a carrier’s container volume grows by 100,000 or more units for the same 12-month period.
The Los Angeles Board of Harbor Commissioners, who introduced the programme, said it hoped to make the port more attractive at a time when the fundamentals of shipping are changing and international carriers are rethinking traditional business practices.
The board announced separately that it had established a committee on industrial and economic development to identify and advance the best economic practices for maintaining the port’s top position as the nation’s busiest port.
“Both these steps we’re taking today move us forward in our commitment to maintaining our number one status,” said vice president David Arian. “We will continue to develop new and innovative strategies to make sure we are as efficient and competitive as possible.”
