Long Beach Container Terminal (LBCT LLC), a portfolio company of Macquarie Asset Management located in the Port of Long Beach since 1980, has a storied history as a leader in dedicated container handling expertise. We are constantly striving to maintain our status as one of the most efficiently operated terminals in North America. As part of this commitment to excellence, LBCT is an industry leader of innovation and technology, continuously seeking to increase efficiency, protect our environment along with the safety of our valued employees and the surrounding communities while striving to enhance our customer service experience. As a result, in partnership with the Port, we are currently involved in the final stages of expanding and developing of a new state-of-the-art facility combining two aging container terminals into one of the world's most technologically advanced and greenest facilities in the world. The project, commonly referred to as the Middle Harbor Redevelopment Project is the largest of its kind in North America. When completed, LBCT will have cut air pollution in excess of 80%, significantly reducing environmental impacts, improve air quality, and create a safer work environment for our employees. Additionally, LBCT will have the ability to handle in excess of 3.5 million TEUs, along with servicing the largest container vessels in the world, without growing our environmental footprint. Our strong commitment to our valued business partners, our customers, our employees, and the community is a key driver to our future success.
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