The Port of Oakland has announced that its maritime revenue grew by just 1.8% in the fiscal year of 2017, which ended on 30th June.
This was the first full fiscal year without Ports America Outer Harbour. Ports America exited the terminal in January 2016, saying it was re-focussing its West Coast strategy on Los Angeles, Long Beach, the Pacific Northwest and Western Canada.
At the time, Ports America’s decision was criticised by the Port of Oakland for the alleged suddenness of its withdrawal and the disruption caused.
Just 13 days after Ports America announced it would exit the terminal, Outer Harbour Terminal LLC filed for bankruptcy.
