One of the world’s largest port operators Singapore-based PSA International Pte Ltd (PSA) recently announced they had completed the acquisition of Halterm Container Terminal (“Halterm”) in the Port of Halifax, Canada. Following formal approval by the relevant regulatory authorities, the acquisition was made from Macquarie Infrastructure Partners a fund managed by Macquarie Infrastructure and Real Assets.
The Halterm Terminal is one of a kind in Eastern Canada as it is the only container terminal I that can serve the mega container vessels. The terminal houses three container berths covering more than a kilometer of quay length with depths of up to 16 metres. Further berth expansion is currently in process at the terminal which includes including the delivery of a fifth Super Post-Panamax Quay Crane. With additional crane, the terminal will be able to handle two mega container vessels concurrently in 2020.
PSA International Group CEO, Tan Chong Meng said, “We are excited to welcome Halterm into PSA’s global family of ports, like PSA’s first coastal terminal in Canada. We look forward to working alongside the Halifax Port Authority, customers, staff and the local community, as well as key stakeholders like the International Longshoremen’s Association and Canadian National Railway Company (CN) to further enhance Halterm’s capabilities and connectivity to serve the needs of shippers in the greater hinterland of Canada and beyond.”
Macquarie Infrastructure Partners CEO, Karl Kuchel said, “After acquiring Halterm in 2007, we are pleased to have partnered with Halterm management and staff, the Halifax Port Authority and other key stakeholders to deliver safe, reliable services to customers over the last 12 years. We are proud of the growth that Halterm has delivered in recent years and that Halterm has been a responsible member of the Halifax community during our ownership.”
The Port of Halifax is Canada’s Ultra Atlantic Gateway, connecting to more than 150 countries and generating CAD2 billion in annual economic benefit from a diverse cargo and cruise business.