Port of Oakland refinances to save $87 million in future debt payments
Oakland, Calif. – December 8, 2020: The Port of Oakland said today it is refinancing $544 million of debt with its new bond offerings. The public agency completed its bond pricing Nov. 19, 2020. Due to favorable market conditions, the Port expects to achieve net present value savings of approximately $87 million. In quite simple […]
Port of Oakland imports jump 10.4 percent
Oakland, Calif. – November 18, 2020: The Port of Oakland today said October imports grew 10.4 percent compared to October 2019. The Port also said containerized export volume was down 0.5 percent when compared to October 2019. Total TEUs for October were 216,686, up 5.8 percent compared to October 2019 when TEUs were 204,880. The Port attributed […]
Port of Oakland names Acting Communications Director
Oakland, Calif. – Oct. 16, 2020: The Port of Oakland today named Robert Bernardo its Acting Communications Director beginning Nov. 10. Mr. Bernardo, the Port’s Media/Public Relations Manager, replaces Communications Director Mike Zampa who retires next month. Mr. Bernardo will manage a three-person staff responsible for internal, external and executive communications, the Port said. He […]
East Bay EDA Legacy Award 2020 goes to the Port of Oakland
Oakland, Calif. – October 14, 2020: The East Bay Economic Development Alliance (East Bay EDA) plans to honor the Port of Oakland at its 2020 Innovation Awards event tomorrow, Oct. 15, for its significant contributions as a long-standing generator of jobs and economic vitality in the region. The Legacy Award will be presented at the 8th annual East […]
Port of Oakland has best September ever for import volume
Oakland, Calif. – October 14, 2020: The Port of Oakland experienced its best September ever for import cargo volume. The Port said 93,916 twenty-foot (TEU) full import containers last month beat a 2019 record of 84,901 TEUs. The Port also said today that containerized import volume jumped 10.6 percent in September compared to 2019 totals. […]
Port of Oakland reports unaudited Fiscal Year 2020 results
Oakland, Calif. – Sept. 30, 2020: Despite a 37.6 percent drop in net income compared to the prior year, the Port of Oakland is on a sustainable path due to managed reduction in expenses. That’s what the Port’s governing Board heard in a presentation last week on Fiscal Year 2020 unaudited financial performance. The Port reported […]
Port of Oakland strategy, investments will lead to business recovery
Oakland, Calif. – Sept. 28, 2020: Strategic initiatives and investment in operational improvements are the Port of Oakland’s solutions to post-pandemic business recovery and future growth. That is the message the Port’s Maritime Director delivered to the Pacific Transportation Association at its Zoom meeting this month. “We are determining our strategic initiatives right now,” said […]
Port of Oakland import volume up for third straight month
Oakland, Calif. – Sept. 17, 2020: Import cargo volume increased for the third consecutive month at the Port of Oakland in August. The Port said today that containerized import volume jumped 9 percent in August compared to 2019 totals. Exports were also up, 1.4 percent compared to August 2019. The Port said it’s encouraged by the […]
Port of Oakland hybrid electric cranes deliver major emissions savings
Oakland, Calif. – Aug. 24, 2020: The Port of Oakland’s largest marine terminal said today it has cut diesel emissions from all 13 of its massive yard cranes by 95 percent after retrofitting them with hybrid electric engines. Terminal operator Stevedoring Services of America (SSA) said that the project will eliminate about 1,200 metric tons of greenhouse gas emissions annually from each crane. “Retrofitting […]
Port of Oakland’s new Maritime Director shares outlook
Oakland, Calif. – August 19, 2020: Port of Oakland Maritime Director Bryan Brandes today touted key projects to help the Port through the current global pandemic. In a video update, Mr. Brandes discussed long-term strategies to secure the Oakland Seaport’s future. He pointed to the opening of a new logistics center, arrival of giant container cranes, and increasing cold […]