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

People & Company News

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

Ports

Libyan Oil Exports to Resume from Closed Ports

Libyan oil exports from closed ports should resume in no more than one to two weeks after a deal was signed between the government and an armed brigade controlling the terminals,

Asia-N.Europe Box Rates Jump 58 pct

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 58 percent to $1,125 per 20-foot container (TEU) in the week ending Friday, a

CMA CGM Rolls out Bengal Bay Express

CMA CGM has introduced its new Bengal Bay Express service, operated with 11 vessels of 6,500 TEU on a weekly basis, in a continuous effort to provide its customers with the best quality service.

Finance

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

US Oil Drillers Add Rigs for 5th Week in a Row

U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast

Daewoo Shipbuilding: $1.4 bln order Cancelled

Cancelled order part of Statoil's Bressay project. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Friday said a 1.58 trillion won ($1.41 billion)

Logistics

Asia Tankers-VLCC Rates Falter on Oil, Tanker Supplies

MidEast, West Africa rates hit 11-month low. Freight rates for very large crude carriers (VLCCs), which hit an 11-month low this week, could slide further next

Asia-N.Europe Box Rates Jump 58 pct

Freight rates for shipping containers from ports in Asia to Northern Europe jumped 58 percent to $1,125 per 20-foot container (TEU) in the week ending Friday, a

LNG Market Needs More Vessels than Currently on Order

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion 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: 0.1144 sec (9 req/sec)