If approved, 14-year lease would add two ship berths, 57 acres of land
TraPac, LLC has reached agreement to nearly double its marine terminal size at the Port of Oakland. Wilmington, CA-based TraPac said Friday it plans to lease an additional 57 acres and two vessel berths on the Port’s Outer Harbor.
If the deal is approved, it would greatly strengthen TraPac’s position as the second-largest terminal operator in Oakland.
TraPac disclosed its plans at a meeting of Oakland’s Board of Port Commissioners Thursday last week. The proposed 14-year lease agreement with the Port becomes final if the Board approves it at a meeting Oct. 27.
"This is a significant step forward for TraPac and the Port,” said Port Maritime Director John Driscoll. “TraPac gets room to expand its thriving business and the Port gets to revitalize valuable property with a highly respected tenant."
Marine terminals load and unload containerships in Oakland. They release containerized imports to cargo owners. They also accept exports for overseas shipment.
TraPac handles 20 percent of the containerized cargo moving through the Port of Oakland. It manages two vessel berths and 66 acres of land. Under the new agreement, it would have four berths and 123 acres. Much of the land would be used for cargo handling.That’s expected to be increasingly important as volume grows at the Port. With more acreage, the terminal can implement new procedures to improve efficiency and get containers in-and-out of Oakland faster.
"Our business is growing and placing new demands on our operations," said TraPac Oakland General Manager Mike Porte. "With this new agreement we can meet the demands and the service expectations of our customers."
According to the Port, TraPac will invest to upgrade and modernize the new terminal acreage under its control in Oakland. Among other things, TraPac plans to construct a new gate to give harbor truckers better access to the terminal.
"With this expansion, we’re demonstrating our long-term commitment to Oakland," said Mr. Porte. "TraPac and the Port share a common value – good customer service – so we see this partnership growing even stronger over time."
Source: Port of Oakland