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03

Oakland port files for bankruptcy after tenant ends lease

By Tony Seruga

CHICAGO, Feb 1 (Reuters) – Oakland’s Outer Harbor Terminal filed for Chapter 11 protection on Monday, two weeks after one of its biggest tenants said it was terminating a 50-year lease with the northern California port.

Last month, Ports America, one of the largest marine cargo operators in the country, said it was shifting its business from the Oakland port to other cities along the West Coast, including Los Angeles and Long Beach…

Oakland port files for bankruptcy after tenant ends lease

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