SSA Marine extends lease at Oakland to 2027

SSA Marine has signed an agreement with the Port of Oakland to extend its lease at the US West Coast port to 2027, with an option to further extend it to 2042.

Key elements of the deal include a 19 acre expansion at SSA’s Oakland International Container Terminal (OICT) and the purchase of three new ship-to-shore cranes by the terminal operator for cargo handling.

Port maritime director John Driscoll said: “SSA is an influential player on the waterfront worldwide, and a significant presence in Oakland. This lease commitment demonstrates its belief in the Port’s long-term prospects.”