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 Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Knightsbridge Closes Vessel Acquisition Transaction

Bermuda-based Knightsbridge Tankers Limited announced that it has closed the first stage of its vessel acquisition transaction. Knightsbridge has issued 31 million

Maersk Sells Ven Drilling Barges

Danish shipping conglomerate A.P. Moller-Maersk said on Tuesday its offshore oil and gas drilling unit has sold its Venezuelan barge activities. Maersk Drilling

Deadliest Weekend Ever in the Mediterranean: UNHCR

More than 700 people fleeing Africa and the Middle East may have drowned in shipwrecks in the Mediterranean over the last week, bringing the death toll this year to almost 3,

Ports

Trelleborg Report Optimistic for Port Investment

The latest 'Barometer Report' from Trelleborg's marine operations business sector, discusses the issues impacting ports and terminals around the globe, and reveals

Port of Long Beach Sees Cargo Numbers Slip

Container cargo shipments declined by 9.1 percent in August at the Port of Long Beach, reflecting both early shipping by importers this year and the comparison

Haze and Reduced Visibility at Singapore Ports

Due to the presence of haze, the Maritime & Port Authority of Singapore Port Marine in their Notice No.113 of 2014 dated 15 September 2014 have informed the

Finance

Knightsbridge Closes Vessel Acquisition Transaction

Bermuda-based Knightsbridge Tankers Limited announced that it has closed the first stage of its vessel acquisition transaction. Knightsbridge has issued 31 million

Maersk Sells Ven Drilling Barges

Danish shipping conglomerate A.P. Moller-Maersk said on Tuesday its offshore oil and gas drilling unit has sold its Venezuelan barge activities. Maersk Drilling

Trelleborg Report Optimistic for Port Investment

The latest 'Barometer Report' from Trelleborg's marine operations business sector, discusses the issues impacting ports and terminals around the globe, and reveals

Logistics

Mideast Crude Tanker Rates Near 3-month Low

Crude oil tanker earnings on the major Middle East route fell to their lowest in nearly three months as a slowdown in business in recent days battered rate sentiment.

Port of LA Container Volumes Strongest Since 2010

The Port of Los Angeles has released its August 2014 containerized cargo volumes. In August 2014, overall volumes increased 6.7 percent compared to August 2013.

Sharp Slowdown in China Industrial Activity

The slowdown in Chinese industrial production growth ads to the existing concerns that China is going through challenging times, as Beijing aims for a soft landing and a transition of the economy,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2341 sec (4 req/sec)