Rather than being a loss for the Port of Oakland, the pending departure of Outer Harbor Terminal will be an economic plus to the port complex because it will concentrate more revenue-producing container volume into fewer marine terminals in order to fund their growth, Executive Director Chris Lytle said at the weekend.
Ports America Group
03 Feb 2016
The decision Monday by Outer Harbor Terminal in Oakland to file for Chapter 11 bankruptcy protection will not deter Ports America from continuing to invest in its other container terminals on both the West and East coasts, the company said Wednesday.
01 Feb 2016
Outer Harbor Terminal in Oakland, the joint venture between Ports America and Terminal Investment Ltd. that operates one of the largest container terminals in the port, filed a Chapter 11 petition in the U.S. Bankruptcy Court in Delaware Monday.
22 Jan 2016
The pending departure of Ports America and its joint-venture partner Terminal Investment Ltd. from Oakland will give the port an opportunity to more efficiently utilize its terminal assets and possibly to re-purpose land for non-container uses, executive director Chris Lytle said Thursday.
19 Jan 2016
Ports America and its joint venture partner announced Tuesday it will terminate in March its 50-year lease for the Outer Harbor Terminal in Oakland as the company concentrates its investments in other U.S. container ports to prepare for today’s mega-ships operated by powerful carrier alliances, according to Peter Ford, chief strategy officer.
06 Jan 2016
CSX Transportation and Ports America Chesapeake have signed an agreement handing management of the Port of Baltimore's intermodal container transfer facility to Ports America.