Mitsui-OSK’s Readies Oakland for Growth as Japan Trade Deal Beckons — Panjiva


Mitsui-OSK’s Readies Oakland for Growth as Japan Trade Deal Beckons

China 1758 Corp - Ports 661 Corp - Shipping 608 Japan 381 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

TraPac, the port operator owned by Mitsui-OSK and Brookfield, has completed terminal works in Oakland that could add 15% to capacity. For context total traffic through the port climbed by 5.1% in 2018 compared to 2017. Ocean Network Express (ONE), the container-line which Mitsui-OSK owns a stake in, will likely be the major user of the new facility. ONE has lost ground to competitors recently after its inbound volumes to Oakland grew 4.2% year over year in 2018 while growth for the port overall reached 9.3%. The main growth opportunity may come from a forthcoming Japan-U.S. trade deal gi...

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