Tuesday, June 26, 2018

SSA Renews Oakland Lease

By Karen Robes Meeks

SSA Terminals and the Port of Oakland have agreed on a new lease that runs through 2027, with options to extend to 2042, the port announced earlier this month.

The deal also includes plans for a 19-acre expansion at SSA’s Oakland International Container Terminal (OICT) and the acquisition of three new ship-to-shore cranes by the terminal operator for cargo handling.

“SSA is an influential player on the waterfront worldwide and a significant presence in Oakland,” said Port Maritime Director John Driscoll. “This lease commitment demonstrates its belief in the port’s long-term prospects.”

SSA – which also runs Oakland’s Matson Terminal – is the largest marine terminal operator in Oakland, handling about 60 percent of the port’s containerized cargo.

“We see steady cargo growth for Oakland into the next decade,” said Ed DeNike, president of SSA Containers. “This new lease helps us plan for the future.”