For Immediate Release
November 29, 2000

SSA Terminals (SSAT) has signed a fifteen-year term agreement with the Port of Oakland for a new marine container terminal now under construction at berths 57 through 59 in the Inner Harbor area. This will be SSAT's third container terminal in Oakland including their current operations at the Charles P. Howard Terminal and the Matson Terminal.

SSAT's parent company is Stevedoring Services of America, a privately owned transportation services provider with world-wide operations including cargo terminals, rail management services, software and technology solutions, and consulting and management expertise.

Scheduled to open in January of 2002, the facility will have three berths totaling 3,600 feet, six super-Panamax class container cranes, 150 acres of container yard, and will add over 540,000 TEUS of annual capacity to Oakland's existing terminal inventory. The new terminal will also provide near-dock access to both of Oakland's intermodal facilities: The Union Pacific railyard and the Joint Intermodal Terminal which will offer access to both BNSF and UP.

The agreement provides for approximately $24 million in revenue for Oakland during the first year of operation. The initial term of the Agreement is fifteen years and it allows two five-year options to extend the agreement up to a total of twenty-five years.

"We are very happy to have successfully concluded negotiations with SSAT," stated Ray Boyle, director of maritime. "They are a world-class company and will have a world-class facility. Construction of the SSAT Terminal is an important element of Oakland's Vision 2000 and Harbor Deepening projects which include 270 acres of new container facilities, two state-of-the-art intermodal rail facilities, a 1,500 foot turning circle in the Inner Harbor Channel, the Middle Harbor Shoreline Park, a shallow-water marine habitat, and dredging of Oakland's channels and berths to -50 feet."

Contact:
Dan Westerlin
Manager Communications and Business Development
(510) 272-1353
marinemarketing@portoakland.com

The Port & You | Maritime | Airport | Real Estate | Newsroom
Job Center | Doing Business | Community | Environment | Contact Us