News & Resources
Trade Alerts

Trade Alert: Ports America Ends Lease with Port of Oakland

January 22, 2016 – Ports America announced on Tuesday that they are terminating their 50 year lease in the port of Oakland. They want to focus their attention on their other US ports to prepare for the arrival of mega-ships.

According to Bill Mongelluzo, Senior Editor of the Journal of Commerce (JOC), this scenario of focusing on a limited number of gateways best-suited for mega-ships is playing out on both coasts of North America. On the West Coast, the arrival in December of the first vessel with a capacity of 18,000 20-foot container units is the driver of consolidation. On the East Coast, the mega-ships that will transit the Panama Canal when the third set of locks is completed this year will determine which ports are the gateways.

The Port of Oakland said cargo will continue to flow smoothly as vessels are re-routed to other terminals that have excess capacity and can handle the new business. The port is also considering “new, better uses for Ports America Outer Harbor Terminal,” including possibly repurposing the 166-acre terminal for non-container cargo.

How It Affects Your Business

  • Plan for the potential of additional congestion delays in Oakland over the next few months while the port of Oakland rationalizes its resources.

How You Should Handle It

  • Ship early if possible to offset delays and stay in close contact with your provider for visibility and support of the movement of your goods.
How Does Your Supply Chain Measure Up?
Use our Supply Chain Performance Grader to evaluate your supply chain across 6 critical disciplines. You’ll receive an instant report containing opportunities for improvement, recommendations, and best practices.
Company Culture

Popular Posts

Search Posts

Related News
  • Cargo thefts from trucks, warehouses spike during Q2

    September 25, 2023 Frieghtwaves.com Noi Mahoney Cargo thefts from trucks and warehouses experienced a significant spike during the...

    + Read more
  • A Freight Market Turnaround in 2024?

    Sunday, September 03, 2023 FreightWaves Craig Fuller A freight market turnaround in 2024? Spot rates will likely increase,...

    + Read more
  • Panama Canal Facing Significant Challenges Due to Prolonged Drought

    August 24, 2023 3:28 PM PDT Elida Moreno Reuters The Panama Canal faces significant challenges due to a prolonged drought, which has...

    + Read more