Oakland Port commissioners reappointed for new four-year terms

The Oakland City Council confirmed the reappointments of Andreas Cluver and Arabella Martinez to the Oakland Board of Port Commissioners for another four-year term on 16 July 2024.

During their previous terms, Cluver and Martinez significantly contributed to enhancing the Port’s economic impact at both the Oakland Seaport and the San Francisco Bay Oakland International Airport.

They provided crucial oversight and leadership in the Port’s decarbonization efforts and the reduction of emissions from...

https://container-news.com/oakland-port-commissioners-reappointed-for-new-four-year-terms/

Port of Oakland Board approves solar power deal

The Oakland Board of Port Commissioners has greenlit a US$19.3 million deal to secure solar power for the next two decades.

“The Port continues to build its long-term renewable energy portfolio demonstrating our commitment to sustainability, which benefits our customers, community, and environment. Energy pricing can be unpredictable, so entering into a long-term agreement guarantees a fixed price for our energy costs,” stated Kristi McKenney, Chief Operating Officer at Port of Oakland.

As a...

https://container-news.com/port-of-oakland-board-approves-solar-power-deal/

Oakland container volumes return to pre-Covid levels

The Port of Oakland moved 193,062 TEUs in June with the box volume increase showing a sign of return to pre-pandemic levels.

Full imports jumped 26.8%, with 84,040 TEUs handled by the California port operators in June 2024, in contrast to 66,295 TEUs in June 2023, marking the highest monthly total since August 2022.

“We are seeing promising signs from ocean carriers and importers, who are beginning to increase their inventories in preparation to meet holiday and year-end shopping demand,” said...

https://container-news.com/oakland-container-volumes-return-to-pre-covid-levels/

Oakland Board of Port Commissioners elects new president

The Oakland Board of Port Commissioners has elected Michael Colbruno as board president. Andreas Cluver has been chosen as the first vice president, succeeding Yui Hay Lee, while outgoing president Barbara Leslie has been elected second vice president.

President Colbruno, who first joined the Port Commission in 2013, is serving his second term as president, having previously held the position from July 2016 to July 2017. Additionally, he served as second vice president from July 2015 to 2016 and...

https://container-news.com/oakland-board-of-port-commissioners-elects-new-president/

Fitch upgrades Port of Oakland’s outlook

Fitch Ratings has affirmed the bond ratings for the Port of Oakland and upgraded the Port’s outlook from stable to positive.

Fitch has affirmed the following ratings for the Port’s debt:

  • A+ for senior lien revenue bonds
  • A for intermediate lien revenue bonds
  • A for the underlying bank bond rating for the Port’s commercial paper notes

“These bond ratings reflect the Port’s unwavering commitment to prudent financial management and stability. They are a testament to the dedication and professional...

https://container-news.com/fitch-upgrades-port-of-oaklands-outlook/

Port of Oakland maintains upward trend in container volume

The Port of Oakland’s container volumes continue to rise, with total cargo volume increasing by 5.3% in May 2024 compared to the same month last year, reaching 188,040 TEUs.

The first five months of this year have seen a significant boost in full import cargo volume, rising 18.9% compared to the same period in 2023. In May 2024 alone, full imports hit 80,039 TEUs, a 12.9% increase from the 70,887 TEUs recorded in May 2023.

However, full export volumes experienced a slight decline, decreasing by...

https://container-news.com/port-of-oakland-maintains-upward-trend-in-container-volume/

Port of Oakland seeks federal grant for zero-emissions transformation

The Port of Oakland, in collaboration with a coalition of 20 partners, has submitted an application for a federal grant aimed at expediting the Oakland Seaport’s transition to 100% zero-emissions cargo handling operations.

They are seeking a US$417 million grant from the Environmental Protection Agency (EPA) Clean Ports Program under the Zero-Emission Technology Deployment Competition.

Their groundbreaking and transformative proposal, titled “Community Led, Business Supported, Proven and Ready to...

https://container-news.com/port-of-oakland-seeks-federal-grant-for-zero-emissions-transformation/

Oakland’s box volumes recover in April

The Port of Oakland’s April container volume showed a 17% increase in full TEUs for the first four months of 2024 compared to the same period in the previous year.

This reflects Oakland’s return to its historical average cargo volumes, rebounding from 2022 and 2023 declines.

Full imports rose year-over-year for the sixth consecutive month (November 2023 – April 2024). The Californian port posted a 7.5% uptick in loaded imports in April 2024, handling 75,335 TEUs this April.

Full exports also...

https://container-news.com/oaklands-box-volumes-recover-in-april/

Port of Oakland handles over 200,000 TEUs in March

In the previous month, the Port of Oakland saw a significant uptick in container volume, with 202,816 TEUs passing through its facilities, marking a 19.1% increase compared to March 2023.

Import activity at the Oakland Seaport continued its upward trajectory for the fifth consecutive month, with a notable 38.4% surge compared to March 2023. Port operators handled 83,483 full inbound TEUs in March 2024, the highest volume recorded since August 2022. This growth is attributed to increasing incomes...

https://container-news.com/port-of-oakland-handles-over-200000-teus-in-march/

Port of Oakland imports and exports continue to grow

Container volume at the Port of Oakland surged in February, surpassing the volume recorded in the same month last year.

Imports experienced a significant increase for the fourth consecutive month, rising by 32.1% to 76,734 TEUs compared to 58,073 TEUs in February 2023. This growth was fueled by robust consumer spending in Northern California, according to the port’s announcement.

Meanwhile, exports also saw a notable uptick, rising by 24.2% to 69,242 TEUs in February 2024, compared to 55,279 TEUs...

https://container-news.com/port-of-oakland-imports-and-exports-continue-to-grow/

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