Outer Harbor Terminal to Close by End of April Pending Court Clearance

Image Courtesy: Port of Oakland

Outer Harbor Terminal LLC, one of five privately operated marine terminals at the California-based Port of Oakland, now expects to close on April 29, provided the bankruptcy court approves the lease termination agreement between the operator and the port.

Namely, the marine terminal operator and the port agreed on Friday to terminate their 50-year-lease deal signed in 2009.

The port’s governing Board of Port Commissioners approved the agreement and it will now be reviewed by a bankruptcy judge in Delaware overseeing Outer Harbor Terminals LLC’s request for bankruptcy protection.

The bankruptcy decision was made in January, when Outer Harbor Terminals said it plans to close its Oakland operation.

“We’re not pleased to see a terminal close, but this agreement helps ensure a smooth transition for our customers,” said Port of Oakland Maritime Director John Driscoll.

“All of our attention now is on efficiently migrating their cargo to the other terminals in Oakland.”

Following the termination of the lease, the Outer Harbor Terminal is obliged to continue Oakland vessel and cargo operations through March 31 and pay about USD 6 million in February and March rent to the port.

Additionally, the terminal operator agreed to clean up debris and remove equipment on the 166-acre property and pay the port an amount of USD 5.1 million for additional clean-up and repairs.

Port of Oakland said it will provide free rent in April to ensure Outer Harbor Terminal remains open for cargo operations until the shutdown.

The port has already developed a plan to move ships and cargo to adjacent terminals when Outer Harbor Terminal closes. The port also started implementing a USD 1.5 million program to extend gate hours at port terminals.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 1 2 3 4 5

9th Annual Coasts and Marine Structures 2017 Conference

Discover Best Practise Strategies for Design, Planning, Construction and Asset Management

To remain competitive, Australian port operators must plan, design, manage and maintain their assets more creatively and proactively to meet future demands and drive profitability.

With this in mind, the Coast and Marine Structures Summit 2017 will focus on key considerations relevant to ensuring your existing assets are maximised and prepared to accommodate bigger vessels.

Hear from 20+ global experts including Maritime/Coastal Engineers, Contractors, Port Authorities and more, including GHD (USA), Indonesian Port Corporation (Asia), G-Group Consulting (New Zealand), Ausenco (Australia), Port Authority NSW (Australia), to name a few.

By attending this 2-day conference, you’ll learn about:

– Innovative planning and design of ports to create efficiencies that drive profit
– Best practice asset management strategies and new PIANC design principles for bulk terminals
– Proactive asset management and maintenance to improve durability and maximise and extend asset lifecycles
– Alternative material and protection techniques trialled and tested in the US and Europe
– Strategies to shift organisational culture and mindset from asset management to asset maintenance
– How you can leverage technology to increase the efficiency of your marine structures
– Case studies on retrofitting, expanding and upgrading your ports in cost-effective ways

More info

read more >

Focusing on Solutions

The maritime industry is experiencing the most aggressive regulatory change in history, with the adoption of a global sulphur cap of .5%…

read more >

European Shipping Week 2017

European Shipping Week is intended to be a platform where policy-makers from the main EU institutions will meet and engage with European…

read more >

Seatrade Cruise Global

For more than 30 years, Seatrade Cruise Global has been the leading international exhibition and conference serving the cruise industry…

read more >