TraPac, which is port operator subsidiary of Mitsui O.S.K. Lines (MOL), will double capacity of its marine terminal at Port of Oakland. The company reached an agreement with the port authorities for acquisition of another two berths and additional 57 acres of land for 14 years, which will double the capacity of the container terminal and will increase the throughput. The land and berths involved into the agreement was occupied by bankrupted Outer Harbor Terminal, which was operated by joint-venture of Ports America and Terminal Investment. The operator TraPac can manage the infrastructure under the obligations to invest in upgrading and modernizing the new terminal land.
Currently, the port operator TraPac handles 20% of the containerized cargo at the Port of Oakland, managing two vessel berths and 66 acres. Over the new agreement the company will receive 4 berths and 127 acres of land for storage and infrastructure.
TraPac is subsidiary of Mitsui O.S.K. Lines (MOL), which is providing container terminal operations and stevedore activities. The company also operates the terminals in Los Angeles and Jacksonville.
