Ocean Common Carrier Incentive Program effective from 2014
Gary Moore begins duties as port’s interim executive director
The Port of Los Angeles will introduce a new incentive program to reward shipping lines that bring new container business from next year.
Under the new Ocean Common Carrier Incentive Program, approved by the Los Angeles Board of Harbor Commissioners, ocean carriers will earn US$5 per TEU for each additional container it moves through the port in 2014 compared to volumes moved in the current year. This rate will rise to $15 per TEU if a shipping line’s container volumes increase by over 100,000 TEU in the 12-month period.
Carriers will receive their incentive in a lump-sum payment in early 2015. Port staff will monitor the program on a monthly basis to evaluate its effectiveness and whether to recommend its extension beyond the first year.
The Port of Los Angels has also announced this week that Gary Lee Moore has commenced his duties as its interim executive director. Moore takes over from Geraldine Knatz, who confirmed her retirement in October after eight years in the role.
“Gary is a trusted public servant, with a 28-year track record with the City,” said Los Angeles Mayor Eric Garcetti, responsible for Moore’s appointment last month.
“His leadership will be critical in our efforts to grow and maximise the port’s economic impact while minimizing environmental concerns in harbour area neighbourhoods and the entire Los Angeles region.”