To encourage more ocean carriers to do business in the Port of Los Angeles, the city's Board of Harbor Commissioners is launching the Ocean Common Carrier Incentive Program. Carriers will receive $5 per twenty-foot equivalent for every incremental container they ship to the port beginning next year, and $15 per TEU if they increase container volume by 100,000 or more units in a year. "Carriers are rethinking their routes and relationships to be as competitive as possible. This incentive gives them another reason to strengthen their ties with the Port of Los Angeles," said POLA Executive Director Geraldine Knatz.
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