Ports America ending lease at Oakland's Outer Harbor Terminal.

The Northern California port says there is ample capacity to absorb cargo business at other Oakland terminals after a "unilateral" decision to depart by the joint operators of Outer Harbor Terminal LLC.

The second largest terminal at the Port of Oakland is planning to cease their operations and turn the terminal back over to the port by the end of March. Outer Harbor Terminal LLC (OHT), a joint venture between Ports America, the largest stevedore and terminal operating company in the United States, and Terminal Investment Ltd. (TIL), the stevedoring affiliate of ocean carrier Mediterranean Shipping Company, said it “is developing a cooperative 60-day transition with the Port of Oakland to wind down operations and return the leased terminal property to the port. “During this transition, OHT intends to run business as usual and to service its customers and vessels for the next 30 days," the company said in a statement. "

MGT

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