Port of Oakland
Port of Oakland News
Moody's: Port of Oakland A1 Rating Maintained
Port as primary gateway for Northern California region a key credit strength. Moody’s Investors Service, Inc. (Moody’s) has maintained the Port of Oakland's senior lien rating at A1 stable. The A1 stable senior bond rating reflects the Port’s strong liquidity, healthy debt service coverage ratio, manageable capital spending and significant long-term debt capacity.“The rating reflects the Port’s commitment to fiscal responsibility,” said Port of Oakland Chief Financial Officer Julie Lam.
Oakland Import Volumes Near Pre-Pandemic Level
The Port of Oakland’s container volume registers continued growth in the fourth quarter. Total container volume rose 10% over recorded volumes during the same period in 2023.Loaded imports continue to grow for the 12th straight month. Import volume rose 11.2% in October 2024, compared to October 2023. Port operators processed 81,498 TEUs (twenty-foot containers), versus 73,281 TEUs in 2023.“Overall…
Port of Oakland wins $50 million Marad grant
Federal funds to upgrade aging docks to accommodate ultra-large vessels and expand economic benefits to region.The Port of Oakland was awarded approximately $50 million from the U.S. Department of Transportation Maritime Administration (MARAD) to modernize wharves and terminal infrastructure at the Outer Harbor. The Port’s Outer Harbor will be upgraded to accommodate Ultra Large Container Vessels, which are now a regular part of the shipping fleet calling on West Coast ports.
Port of Oakland Leads in Ag Reefer Exports
Port ranks number one for refrigerated exports, supports $8.5 billion in ag exports.The Port of Oakland continues to be one of the most important gateways for U.S. agricultural products. The Port exported 235,899 TEUs (twenty-foot containers) of agricultural commodities as of October 2024, totaling nearly $8.5 billion. Oakland ranks number one by TEU volume in international refrigerated (reefer) export…
US Helps Fund Oakland Port Project
The U.S. Department of Agriculture said on Sunday it will help fund a new container yard for agricultural exports at California's Port of Oakland, as the government, ports and food companies scramble to ease costly shipping delays.The multimillion-dollar project is set to open in March, and officials said it could be replicated elsewhere.Strong U.S. demand for goods from Asia during the pandemic has boosted imports, clogging West Coast ports.
Port of Oakland Aiming to Expedite Agricultural Exports
One of America's top seaports is set to launch an interagency effort to provide relief to agricultural exporters who are facing shortages of export capacity and skyrocketing logistics costsThe Port of Oakland announced Monday it is launching a program that involves the use of additional yard space and equipment, restored export ship calls and assistance to agricultural export users.The port will open and operate a 25-acre off-terminal…
Port of Oakland Import Volume Up 8% in 2021
After two straight months of declining imports, the Port of Oakland reports its import volumes are on the rise, with containerized imports up 6.5% last month compared to November 2020 totals. For the first 11 months of 2021, Oakland imports are up nearly 8%, the port said.The port attributed the recovery to additional vessel traffic, noting that 75 ships called in Oakland during November, the most in six months.
Port of Oakland Reports Record Cargo Surge
The Port of Oakland reported all-time high container volume for import and export cargo in the month of March amid an ongoing trade boom exploding through U.S. ports.The port said Oakland received the equivalent of 97,538 20-foot import containers in March. It said it shipped out the equivalent of 94,169 20-foot export boxes. Both totals were single-month records at the 94-year-old port. March imports were up 45% from the same month a year ago, the port said.
Three Cruise Ships Dock in Oakland
Three cruise ships will idle at the Port of Oakland without passengers while cruise operations are suspended due to the coronavirus pandemic, the port said Friday. The .Two Norwegian Cruise Line vessels, Regatta and Norwegian Jewel, have tied up at Oakland’s Outer Harbor Terminal, which is currently not in use for the port’s container shipping business. Another, Seven Seas Mariner, is docked at Howard Terminal on the Oakland Estuary, no longer considered large enough for container operations.
Port of Oakland Expects Cargo Volume Downturn
The Port of Oakland reported "better than expected" cargo volumes in April, but port officials say they are expecting volumes to decline in the months ahead as ships cancel visits due to reduced demand brought on by the coronavirus pandemic.The port reported April loaded container volume were up .4% compared to the same month last year. Export loads rose 3.6%, the port said, while imports dipped 0.9%.The port said its total cargo volume – imports…
Oakland Dockworker Killed in Containership Fall
A longshore laborer at the Port of Oakland reportedly fell to his death from the deck of a containership at berth in the early hours on Tuesday.The International Longshore and Warehouse Union confirmed that the accident victim was one of its members. The port said the fatal accident was under investigation by local authorities.“This is a tragedy that strikes everyone very deeply,” said Port of Oakland Maritime Director John Driscoll.
Oakland Port Volume Jump 7.3% in January
San Francisco Bay-based container ship facility Port of Oakland said its containerized import volume jumped 7.3 percent last month over January 2019 totals.Exports were up…
Oakland Port Appoints McKenney COO
Port of Oakland has appointed veteran aviation executive Kristi McKenney as its Chief Operating Officer (COO).Executive Director Danny Wan announced the appointment…
Oakland Container Volumes Down 1.8% in 2019
The container ship facility located in the San Francisco Bay, Port of Oakland 2019 container volume decreased 1.8 percent from 2018. The Port attributed the decline…
Oakland Port Names Danny Wan as ED
Danny Wan, who has been the Port of Oakland’s interim executive director since July, is now appointed to that role on a permanent basis.The Port’s governing Board selected Wan…
Oakland Port Container Volume Up 3.1% YTD
The Port of Oakland is a major container ship facility located in Oakland, California, in the San Francisco Bay, said that its loaded container volume from January…
Oakland Port Refrigerated Exports Jump 20%
The Port of Oakland’s refrigerated exports have jumped 20% in past year. The Port said it handled 119,756 20-foot containers of refrigerated exports from August 2018 through July 2019.
Oakland Port Opens Peak Season
The container ship facility in the San Francisco Bay Port of Oakland said that peak season has begun with growth in containerized cargo volume. The Port reported…
Oakland Port Sees Record Imports in July
The Port of Oakland, a container ship facility located in Oakland, California, in the San Francisco Bay, said that July was the busiest in the Port’s 92-year history for containerized import cargo.
Oakland Port Uncertain on Shipping Outlook
Uncertainty clouds the peak season container shipping outlook with more threatened tariffs on Chinese imports to the U.S. looming, said the Port of Oakland.However…
