SSA Terminals Invests in Oakland's Future

MarineLink.com
Thursday, July 18, 2013
Image courtesy of SSA Terminals (Oakland)

SSA Terminals (Oakland) announces the expansion of its Port of Oakland marine terminal facilities.

SSA Terminals (Oakland) is expanding its Oakland International Container Terminal (OICT) operations to meet the growing needs of the maritime industry. With the expansion, OICT is the largest container terminal in Northern California, providing a 271-acre facility and servicing 20 international carriers. The enlarged OICT will consist of 5 contiguous berths, stretching no less than 6,000 feet, all with a water depth of 50-feet and with 10 Post-Panamax cranes ready to handle the largest vessels. Of all the Oakland marine terminals, OICT will by far contribute the greatest lease revenues to the Port of Oakland, totaling nearly $60 million per year.

Also the operation at the 50-acre Howard Terminal will be relocated to the 80-acre site at Berths 60-63 later this year.

The dynamics of international transportation are constantly changing. Carriers cooperate more and deploy ever larger vessels to service the trade and communities. Modern ships are now well above 10,000 containers in capacity and longer than the Empire State Building is tall.

SSA Terminals (Oakland) Vice President, Jon Rosselle, stated: “Marine terminals must continue to evolve to meet the increasing requirements of the maritime trade. These terminal expansions are a prerequisite to remain viable to our customers and for them to continue to retain Oakland as a port of call. It also further enhances the logistics chain for exporters and importers in the local region – and well beyond. This is important to safeguard jobs and employment in the port and for all who depend on a healthy port and maritime trade for their livelihood. Restoring a sustained business model for the Port of Oakland is an important factor.”

The ownership of SSA Terminals (Oakland) has a proud history in the Port of Oakland dating back 45 years to 1968. “These expansions are a strong commitment to the Bay Area and to SSA Terminal (Oakland)’s customers. To achieve this, SSA Terminals (Oakland) has agreed to guarantee $220 million of additional revenues for the Port of Oakland,” Rosselle stated.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Maersk to Scrap Ships at India's Alang Beaches, NGO Dismayed

Maersk Line said on Friday it had chosen four shipbreaking yards along India's Alang beaches to handle an increase in vessels that need to be scrapped, to the dismay

Teknotherm Marine Moves HVAC Arm to Bergen

Maritime heating, ventilation and air conditioning (HVAC) firm Teknotherm Marine has established a new subsidiary is established with the name Teknotherm Marine HVAC AS.

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

Ports

Owner Fined for 'Dangerously Unsafe' Vessel

The owner of a harbor tanker has been fined £3,000 with more than £7,000 costs after pleading guilty to a charge of operating a vessel for being dangerously unsafe.

N.America's First LNG Marine Fuel Terminal Opens

Harvey Gulf announced the opening of the first marine LNG fueling terminal in North America. Less than a year after the delivery of the M/V Harvey Energy, America’s first LNG-powered vessel,

Nautilus, Metro Move to New HQ in Long Beach

After more than 92 years of operating from various locations in Wilmington, Calif., Nautilus International Holding Corp., along with its subsidiaries Metro Ports,

Finance

Paragon Offshore to File for Bankruptcy

Paragon Offshore Plc said it will file for Chapter 11 bankruptcy on or before Feb. 14, becoming the first U.S. energy-related company to seek court protection from

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

Adani Ports Income Up by 15%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter

Logistics

Baltic Index Rises for First Time in 2016

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the first time this year on Friday, helped by higher rates for panamax vessels.

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

Adani Ports Income Up by 15%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1161 sec (9 req/sec)