Ports America, joint venture partner end Oakland lease to focus on other terminals

Ports America, joint venture partner end Oakland lease to focus on other terminals

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.

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