• 2017 October 16 10:09

    Port of Oakland reports FY 2017 revenue record of $358.7 million

    The Port of Oakland has reported record operating revenue of $358.7 million for Fiscal Year 2017. The Port said that was 6 percent higher than the previous record of $338 million set last year. It added that growth in all three of its business lines contributed to the performance.

    FY 2017 operating income increased 20.6 percent to $63.7 million, the Port said. That was the result of revenue growth outpacing a 3.4 percent increase in expenses, the Port added. The Fiscal Year ended June 30.

    According to the Port’s figures, operating revenue in its Aviation Division increased 10.2 percent last year. The Port said the increase was driven by an 8.4 percent increase in passenger traffic at Oakland International Airport.

    The Port reported a 1.8 percent hike in FY 2017 operating revenue for its Maritime Division. Revenue increased despite lost income from a bankrupt marine terminal operator that ceased operations at the Oakland seaport last year.

    The Port said operating revenue in its Commercial Real Estate Division increased 2.9 percent last year. It attributed the gain to a strong local property market.

    FY 2017 operating revenue totals for the Port’s three business lines:
     Aviation: $190.6 million;
     Maritime: $151.4 million;
     Commercial Real Estate: $16.7 million.

    The Port said that the outlook for its three business lines is positive. It said that strong growth is expected in Aviation traffic and revenue. It added that it anticipates continued stability at its seaport and in Commercial Real Estate.

    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.




2020 November 25

18:53 US to impose tough Port State Control measures on Cyber risk management
18:37 CMA CGM to launch SEAPRIORITY EXPRESS service connecting Yantian with Los Angeles
17:51 Port of Southampton to open new cruise terminal for 2021 season
17:29 DNV GL, Intercargo and the Standard Club launch new bulk carrier ventilation guide
17:00 Pump company Svanehøj appoints director in Japan
16:56 Vyborg Shipyard lays down processing trawler of KMT02.03 design
16:52 Damen launches its first Middle East-built cutter suction dredger, type CSD650
16:29 Ice-resistant self-propelled platform North Pole to be put into operation in 2024
16:05 MAN Energy Solutions offers its EGR system as an emissions solution for its new low-speed ME-GA engine
15:42 NOVATEK completes first ship-to-ship LNG transshipment in the Murmansk Region
15:04 Port of Bergen to build ultra-modern port at Ågotnes
14:58 Port of Cardiff celebrates new lease with Greenergy
14:20 Oboronlogistics becomes sole operator of Ust-Luga – Baltiysk rail ferry line
13:56 Admiralteiskie Verfi to launch North Pole ice-resistant platform on December 18
13:32 Jebel Ali Port receives the first container from Israel for Jafza-based Kimoha
13:12 OOCL, VICT set new benchmark for highest container exchange in Australia
12:49 Port of Cardiff celebrates new lease with Greenergy
12:30 Ravenna Port Hub contract awarded to a consortium including DEME
12:04 APM Terminals sets all-time volume records in Brazil
11:55 EC approves state aid measures to secure long-term operation of Klaipėda LNG terminal
11:33 Tallink Grupp adds additional departures to Tallinn-Helsinki route for weekends from 28 November 2020
10:36 Qatar Trade Summit 2020 conducted as a virtual event
10:11 CMA CGM announces FAK rates from Pakistan to North European, Mediterranean & North African trades
09:48 MABUX: Bunker Market this morning, Nov 25
09:37 Oil prices continue rising on coronavirus vaccine progress
09:22 Maersk Drilling selected for two-rig Suriname campaign by Total
09:09 Baltic Dry Index as of November 24
08:41 Aker BP partners with Cognite to deploy the quadruped robotic dog to pioneer the remote controlled offshore mission

2020 November 24

20:09 Ministerial conference under German EU Presidency: “Inland Waterway Transport – key to deliver the Green Deal”
18:18 IAA PortNews to host online webinar: "Billions of tonnes of freight moved on the Chinese rivers: should we give it a try?", Dec 2, 2020
18:15 VARD secures contract for the design and construction of eight Marine Robotic Vessels for Ocean Infinity
18:06 Monjasa acquires Golden-Agri Stena tanker for Middle East operations
17:06 MOL & Miura to сonduct demonstration test with microplastic collection device installed on newbuilding wood chip carrier
16:32 Investors commit billions at Lagos Free Zone in Nigeria
15:03 Incat Crowther releases details of next ShadowCAT concept
14:22 Maqta Gateway and TruKKer to сollaborate on digital truck booking services through “MARGO”
13:14 The schedule of port charges for the ports of Bremen to be adjusted due to Corona pandemic
12:11 Diana Shipping reports financial results for Q3 2020
12:05 The Arktika icebreaker accomplishes its first task in the Northern Sea Route basin
11:32 Port of Hamburg сontainer throughput down 4.9 percent to 2.3 million TEU in Q3 2020
11:25 A WWII air bomb defused near Novorossiysk based CPC Terminal
11:09 CMA CGM to launch the TURKEY MED EXPRESS 2
10:04 MABUX: Bunker market this morning, Nov 24
09:46 Crude futures prices rise on vaccine hopes
09:22 Baltic Dry Index as of Nov 23
09:02 East Coast Australia JIP delivers a new interactive dashboard for LNG forecast

2020 November 23

18:24 North P&I Club pre-renewal report confirms corrective response to market challenges
18:00 RF Government is set to reorganize the structure of development institutions
17:13 4th International Congress “Hydraulic Engineering Structures and Dredging” slated for 25-26 February 2021
16:34 Damen completes Eidsvaag Opal conversion
16:28 STLC and VEB-Leasing to be consolidated into Unified Leasing Company
16:05 Aker Solutions wins maintenance and modifications contract in Brazil from Equinor
15:41 Vard secures contract for eight marine robotic vessels
15:17 RF Transport Ministry confirms its intention to introduce investment charges in seaports from 2021
14:53 Hydrographic boat of Project 19920 joins RF Navy’s Northern Fleet
14:31 Concordia Maritime CFO resigns from his position
14:09 Friendship 2020 joint exercise of the Egyptian Navy and the Russian Navy Bridge ends at the Black Sea Fleet
13:25 Ningbo Containerized Freight index rises by 19.8% in November 2020
12:34 Average spot market price for Russian M100 product climbed to RUB 13,184 pmt
12:12 The UK could increase its ambitions for renewable energy at a lower cost to consumers, new Wärtsilä analysis finds