Halterm

PSA completes Penn Terminals takeover as it looks to boost perishables business

Singapore box terminal operator PSA has formally entered the US market after completing its purchase of Philadelphia multipurpose operator Penn Terminals from Australian investment fund Macquarie Infrastructure and Real Assets (MIRA).
Completion of the deal followed a decision by US regulators to allow the takeover.
“This acquisition represents PSA’s very first foray into the USA. We are delighted to embrace Penn as the newest member of the global PSA family and to …

The post PSA completes Penn...

https://theloadstar.com/psa-completes-penn-terminals-takeover-as-it-looks-to-boost-perishables-business/

PSA buys Halterm Container Terminal, its first box facility in Canada

Singaporean port operator PSA International has acquired Halterm Container Terminal, in the Canadian port of Halifax.
Completion of the deal was announced this morning, with the world’s largest port operator buying the terminal from Macquarie Infrastructure Partners for an undisclosed sum.
Group chief executive Tan Chong Meng said: “We are excited to welcome Halterm into PSA’s global family of ports, PSA’s first coastal terminal in Canada.
“We look forward to working alongside Halifax …

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https://theloadstar.com/psa-buys-halterm-container-terminal-its-first-box-facility-in-canada/

PSA set to enter US port sector with agreement to purchase Penn Terminals

Singapore box operator PSA has confirmed reports it is set to enter the US port market and expand its presence in Canada.
It has agreed to acquire Philadelphia operator Penn Terminals and Halifax box facility Halterm from investment fund Macquarie.
“PSA International has finalised an agreement to acquire Halterm Container Terminal in the port of Halifax, Canada, and Penn Terminals in Pennsylvania, US, from Macquarie Infrastructure Partners, a fund managed by Macquarie …

The post PSA set to enter...

https://theloadstar.com/psa-set-to-enter-us-port-sector-with-agreement-to-purchase-penn-terminals/

CN signals intermodal ambitions with takeover bid for port of Halifax terminal

Canadian National Railway (CN) is poised to break last year’s record investment with a larger splurge on its network, equipment and technology this year.
The rail giant also has lofty ambitions, involving the port of Halifax, to replicate the blockbuster growth of Prince Rupert.
A major focus of CN’s strategy is expanding its intermodal business, underlined in October when it acquired transport operator TransX.
Two months later, CN moved in for another acquisition: …

The post CN signals...

https://theloadstar.co.uk/cn-signals-intermodal-ambitions-with-takeover-bid-for-port-of-halifax-terminal/