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Posted inTrade & Transportation

Tonight, Commission Considers Sale of Largest Long Beach Port Terminal

The Long Beach Board of Harbor Commissioners will weigh an offer to purchase the largest container terminal at the Port of Long Beach (POLB), with Terminal Investment Limited (TIL) offering to take over a majority stake in a long-term lease. The offer comes in the wake of Hanjin Shipping’s August declaration of bankruptcy, which continues to affect the POLB’s cargo traffic.