TraPac, LLC has reached agreement to nearly double its marine terminal size at the Port of Oakland. Wilmington, CA-based TraPac plans to lease an additional 57 acres and two vessel berths on the Port’s Outer Harbor, the company said in its press release.
If the deal is approved, it would greatly strengthen TraPac’s position as the second-largest terminal operator in Oakland.
TraPac disclosed its plans at a meeting of Oakland’s Board of Port Commissioners last night. The proposed 14-year lease agreement with the Port becomes final if the Board approves it at a meeting Oct. 27.
Marine terminals load and unload containerships in Oakland. They release containerized imports to cargo owners. They also accept exports for overseas shipment.
TraPac handles 20 percent of the containerized cargo moving through the Port of Oakland. It manages two vessel berths and 66 acres of land. Under the new agreement, it would have four berths and 123 acres. Much of the land would be used for cargo handling. That’s expected to be increasingly important as volume grows at the Port. With more acreage, the terminal can implement new procedures to improve efficiency and get containers in-and-out of Oakland faster.
TraPac is one of the nation’s best-known terminal operators. It began Oakland operations in 1991. It manages other terminals in Los Angeles and Jacksonville, Florida.
According to the Port, TraPac will invest to upgrade and modernize the new terminal acreage under its control in Oakland. Among other things, TraPac plans to construct a new gate to give harbor truckers better access to the terminal.
About the Port of Oakland
The Port of Oakland oversees the Oakland seaport, Oakland International Airport, and 20 miles of waterfront. Together with its business partners, the Port supports more than 73,000 jobs in the region and nearly 827,000 jobs across the United States.