TraPac, LLC has strengthen its position as the second-largest terminal operator at the Port of Oakland, reaching an agreement to nearly double its marine terminal size.
The company plans to lease an additional 57 acres and two vessel berths on the port’s outer harbor. The proposed 14-year lease agreement requires the approval of the port’s board.
“This is a significant step forward for TraPac and the Port,” said Port of Oakland maritime director John Driscoll.“TraPac gets room to expand its thriving business and the Port gets to revitalize valuable property with a highly respected tenant.”
TraPac currently handles 20 per cent of the containerised cargo moving through the Port of Oakland. It manages two vessel berths and 66 acres of land.
