Ceres Terminals, the North American portfolio owned by Australia’s Macquarie Group Ltd…

Ceres Terminals, the North American portfolio owned by Australia’s Macquarie Group Ltd, is up for sale. The current owners are reportedly hoping to raise US$1bn from the process. Ceres has 18 different operations in North America, currently handling 4.3 million TEU, 13.4 million cruise passengers and 580,000 ro-ro units. Macquarie acquired the portfolio from NYK Line in 2019 but the fund managing the portfolio, Macquarie Infrastructure Partners III, is due to close in the next 12-18 months.