the Port of Oakland in the long term tightens an agreement with terminalista group SSA



The Harbour Authority of Oakland has reached an agreement with the SSA Terminals of Marine the Californian group SSA that allows with the authority to place end to the disputes lawyers with the terminalista society and to institute a terminal for containers that, with its 140 hectares, will be the third largest one of the western coast of the United States.

The understanding involves four of the seven terminals of the port of Oakland: Howard Terminal, that he occupies docks 67 and 68, Global Gateway Central Terminal to docks 60-63, the Oakland International Container Terminal (OICT) to docks 57-59 and Total Terminals International (TTI) to the docks 55-56. Currently the contracts of concession with these four enterprises have expiration in 2016-2017 and - it has specified Port Authority - they anticipate a term for theirs I renew very short that risks to return the port vulnerable if one of the operators decides not to proceed to renews.

The agreement previews that to group SSA it is entrusted until 2022, with the current canons and conditions, the management in concession of docks 57-59, than already work through branch OICT, and the management of docks 60-63 currently exercised by Eagle Marine Services, society of the company of navigation APL (group NOL of Singapore); moreover it previews that next the 30 september stops the validity of the relative contract of concession to Howard Terminal, also currently managed it from SSA, and that they come to fall the disputes in existence lawyers; at last an ulterior agreement previews that to SSA the contract of concession of Total Terminals International is transferred, society that is under responsibility of the South Korean shipowning society Hanjin Shipping, that it will have validity until 2016 with an option in order to extend it until 2022.

The harbour authority has explained that in the short term the agreement will involve a reduction of the returns for the Port of Oakland, but will assure they increase over the long term and will guarantee stability. "Draft - the president of the managing committee of the Port of Oakland has commented - of a fair agreement that defines a contract of concession online with the truth of the current market".

Group SSA, that it is present in the port of Oakland from 1968, has evidenced that, thanks to the understanding, branch OICT will widen own management to five contiguous docks with depth of the backdrops of beyond -15 meters equipped with 10 cranes of dock post-Panamax.