Outer Harbor Terminal LLC filed for chapter 11 bankruptcy protection yesterday, two weeks after terminating its lease held in a joint venture with Ports America, Reuters reported. 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. Outer Harbor Terminal, which operates part of the Oakland port, listed both assets and liabilities of between $100 million and $500 million in its chapter 11 petition.
