PSA picks up Macquarie disposals

Halterm Container Terminal Halterm Container Terminal has been brought by PSA International. Credit: Halterm Container Terminal

PSA International said it has finalised an agreement to acquire Halterm Container Terminal in Canada’s Port of Halifax and Penn Terminals in Pennsylvania, US from Macquarie Infrastructure Partners.

PSA International said: “PSA International has finalised an agreement to acquire Halterm Container Terminal in the Port of Halifax, Canada, and Penn Terminals in Pennsylvania, USA from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets.

“This transaction is in the process of securing regulatory approvals from the respective USA and Canadian authorities.”

The acquisitions are in the process of securing regulatory approvals from the respective USA and Canadian authorities.”

In October 2017, Halterm Container Terminal announced it would extend its container and reefer  handling capabilities, with CAD$10m worth of new equipment over the next 12 months.

The developments are expected to support the terminal’s existing five ship-to-shore crane operation, providing congestion-free operations over more than         a kilometre of quay, at three berths between 14-16m draft.

The port boasts an outer harbour 2km wide and 8km long. It is the only East Coast port capable of accommodating post-Panamax ships.

By Rebecca Jeffrey

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