Outer Harbor Terminal News

U.S. Department of Transportation (DOT) announced more than $703 million to fund 41 projects in 22 states and one territory that designed to help improve port facilities through the Maritime Administration’s Port Infrastructure Development Program. Following is the full list of FY 2022 Port Infrastructure Development Grant Awards:ALASKANorth Extension Stabilization Step 1 Project ($68,700,000), Anchorage, AlaskaThe Project will reconfigure and realign the shoreline within the “North Extension” (the area north of the existing general cargo terminals) at the Port of Alaska in Anchorage, Alaska.

Three cruise ships will idle at the Port of Oakland without passengers while cruise operations are suspended due to the coronavirus pandemic, the port said Friday. The .Two Norwegian Cruise Line vessels, Regatta and Norwegian Jewel, have tied up at Oakland’s Outer Harbor Terminal, which is currently not in use for the port’s container shipping business. Another, Seven Seas Mariner, is docked at Howard Terminal on the Oakland Estuary, no longer considered large enough for container operations.

Bulk shipping operations could soon return to the San Francisco Bay's Port of Oakland for the first time in 20 years. The Port said  it’s negotiating with a Canadian building materials shipper to transport sand and gravel here.The Port’s governing Board yesterday authorized talks with Vancouver-based Eagle Rock Aggregates. The firm seeks a vessel berth along with 20 acres of adjacent land at the Port’s Outer Harbor Terminal.Eagle Rock would use the property as a base for distributing sand and gravel for Bay Area construction sites. The firm said it wants a 15-year lease for one berth on Outer Harbor. Eagle Rock would ship sand and gravel from British Columbia to produce concrete for Bay Area builders.Oakland is one of the busiest container seaports in the U.S.

Hanjin Shipping's and Outer Harbor Terminal's (OHT) bankruptcies this year have raised questions about the legal separation of joint venture terminal operators that are often lease counterparties for U.S. ports, Fitch Ratings says. These events highlight potential risks that must be balanced against the benefits of ports signing lease or concession agreements. Global carrier Hanjin's bankruptcy has exposed the possibility that terminal operating companies, which are often structured as joint ventures (JVs) between shipping counterparties or private equity firms…

The Port of Oakland has set its plan to move containerized cargo once a marine terminal closes March 31. The Port said today its Continuity Plan will keep trade flowing and prevent vessel diversions to other ports. The plan addresses the impending shutdown of Outer Harbor Terminals LLC, formerly known as Ports America Outer Harbor Terminals LLC. The terminal operator has filed for Chapter 11 bankruptcy protection and announced it will leave Oakland. The Port said its Continuity Plan calls for ships that use Outer Harbor Terminal to relocate to berths at adjacent terminals in Oakland. It said terminals will add labor where necessary and open gates nights and weekends to accommodate additional cargo.

Oakland's Outer Harbor Terminal filed for Chapter 11 protection on Monday, two weeks after one of its biggest tenants said it was terminating a 50-year lease with the northern California port. Last month, Ports America, one of the largest marine cargo operators in the country, said it was shifting its business from the Oakland port to other cities along the West Coast, including Los Angeles and Long Beach. In a Chapter 11 petition filed in U.S. Bankruptcy Court in Delaware, Outer Harbor Terminal, which operates part of the Oakland port, listed both assets and liabilities of between $100 million and $500 million. The Port of Oakland, located on the shore of San Francisco Bay…

Ports America, the largest stevedore and terminal operating company in the United States, is refocusing its business strategies on the West Coast through additional investments and expansion of services into new terminals. Areas of concentration include Los Angeles, Long Beach, the Pacific Northwest and western Canada. These regions have been identified as most suited to its realignment goals. Ports America’s long-standing joint venture partnership at West Basin Container Terminal (WBCT) and its recently acquired 30 percent ownership of International Transportation Services (ITS) are key locations for Ports America’s strategy. Accordingly…

A quarter-mile-long megaship that's the largest cargo ship ever to visit the U.S. is expected to arrive at the Port of Oakland on Thursday morning, port officials said Tuesday. Longer than an aircraft carrier, the Benjamin Franklin container ship is the largest vessel to ever visit the U.S. Were it tipped vertically, the ship would be taller than the Empire State Building. The 1,300-foot-long Benjamin Franklin, the 10th largest containership in the world, was launched from a Chinese shipyard last month and arrived at the Port of Los Angeles over the weekend. "The arrival of this big ship is a good sign," said Michael Zampa, a spokesman for the Port of Oakland. It is scheduled to arrive at 10:30 a.m.

Essar Ports Limited today announced its unaudited results for the full year and quarter ended March 2015. ·         Essar Ports takes over the Vizag Iron Ore outer harbor terminal with 2 berths on 14th May 2015. Existing operational terminal with no gestation period. Refurbishment of terminal to happen alongside operations. 1.    Revenue for FY’15 is Rs. 1,741 cr, an increase of 6% against Rs 1,637 cr in FY’14. 2.    EBITDA for FY’15 is Rs. 1,416 cr, an increase of 7% against Rs 1,327 cr in FY’14. 3.    PAT for FY’15 is Rs. 391 cr, an increase of 2% against Rs 384 cr in FY’14. 4.    Earnings Per Share for FY’15 were Rs. 1.    Revenue for the quarter is Rs. 440 cr, an increase of 1% against Rs 434 cr in Q3FY’15 and 6% increase against Rs 416 cr in Q4FY’14. 2.    EBITDA for Q4 FY’15 is Rs.

O’Melveny & Myers LLP represented the Port of Oakland, the third busiest Port on the U.S. West Coast, in an inaugural bidding process for a long-term concession to operate, maintain and further develop a land water-side site comprising approximately 175 acres of its maritime operations area. The transaction is valued at nearly $700m and marks the first public-private partnership, or P3 arrangement, of its kind in the U.S. ports sector. The successful bidder for the concession is Ports America Outer Harbor Terminal, LLC, a joint venture of Ports America Group and Terminal Investment Limited. As concessionaire, it will have exclusive rights to operate the site for a term of 50 years and maximize the economic use of the area, starting in January 2010 when it will take possession of the site.