Port of Oakland A+ and A ratings affirmed by Fitch
Oakland, Calif. – November 14, 2022: Fitch Ratings has affirmed the Port of Oakland’s outstanding senior bonds at A+ and outstanding Intermediate Lien and underlying bank bonds at A. The rating outlook assigned by Fitch on all bonds is Stable. “These ratings reflect continued commitment to prudent financial management and stability,” said Port of Oakland […]
Port of Oakland welcomes back students to its waterfront park
Oakland, Calif. – November 4, 2022: The Port of Oakland hosted young students back to its Middle Harbor Shoreline Park for an onsite educational field trip with a public school. It was the first time in nearly three years that the Port welcomed students for their on-site education program. During their visit, 4th graders from Oakland’s Piedmont Elementary […]
Port of Oakland hosts congressional meeting
Oakland, Calif. – November 2, 2022: The Port of Oakland hosted a congressional supply chain stakeholder meeting this week in Jack London Square. The event was designed to address constituent business and trade industry stakeholder concerns about congestion and supply chain issues at the Port. The meeting was led by Rep. Jim Costa (D-Fresno) and Rep. Mike Thompson (D-Napa) […]
Port of Oakland September container volume drops
Oakland, Calif. – October 28, 2022: The Port of Oakland’s total loaded container volume declined by 7.9% in September compared to September 2021. Last month 132,599 loaded TEUs (twenty-foot containers) passed through the Port, compared to 143,991 in September 2021. Loaded imports dropped by 4.9%. The Port handled 77,803 TEUs last month, compared to 81,789 […]
Port of Oakland Executive Director elected to international position
Oakland, Calif. – October 25, 2022: Port of Oakland Executive Director Danny Wan was elected to the Board of Governors of the American Association of Port Authorities (AAPA) at their Annual Convention & Exposition last week in Orlando, Florida. The AAPA is the unified voice of the seaport industry in the Americas, representing more than […]
Port of Oakland to buy renewable energy from EBMUD
Oakland, Calif. – October 21, 2022: The Oakland Board of Port Commissioners approved extending a contract to purchase renewable electricity from the East Bay Municipal Utility District (EBMUD) at the Oct. 13, 2022 board meeting. The energy will come from EBMUD’s Wastewater Treatment Plant Power Generation Station. The Port has been purchasing that electricity for 10 years […]
Port of Oakland A+ and A ratings affirmed by Moody’s
Oakland, Calif. – September 7, 2022: Moody’s Investors Service (Moody’s) has affirmed the Port of Oakland’s A1 senior lien and A2 intermediate lien credit ratings. The rating outlook assigned by Moody’s to both liens remains at Stable. “These ratings represent great dedication and professional excellence by our Port staff,” said Port of Oakland Executive Director Danny Wan. […]
Pasha Hawaii marks historic milestone as MV George III, the first LNG-powered containership to call the Bay Area, arrives at the Port of Oakland
Oakland, Calif. – August 31, 2022: Pasha Hawaii and the Port of Oakland today announced the inaugural call of the MV George III to the Oakland Seaport, the gateway for containerized ocean cargo shipments in Northern California. The George III is the first Liquefied Natural Gas (“LNG”) powered vessel to call Oakland. The 774-foot LNG-fueled […]
Port of Oakland adopts $480 million budget for FY 2023
Oakland, Calif. – July 7, 2022: The Oakland Board of Port Commissioners approved a 2023 fiscal year budget of $480 million at their June 23rd meeting. The $480 million operating budget projects 9 percent passenger growth at the Port’s Oakland International Airport (OAK). Cargo volume at the Oakland Seaport is expected to increase 2 percent. […]
Port of Oakland May 2022 container stats
Oakland, California, U.S.A. – July 5, 2022: Port of Oakland import cargo volume increased last month despite continuing global supply chain woes. The drivers – longstanding customers who are committed to moving goods through the Port of Oakland and ocean carrier services returning to the Northern California seaport. The Port said May full imports were up […]