Macquarie

Overhaul raises $35M to enhance visibility for shippers, carriers

Overhaul, a real-time visibility and risk management platform, announced Tuesday it has raised $35 million in Series B funding led by Macquarie Capital, with participation from past investor Edison Partners and Avanta Ventures, the venture arm of CSAA Insurance Group. Since 2016, the company has raised a total of $55 million.

The company was recently recognized on Gartner’s Magic Quadrant for Real-Time Transportation Visibility Platforms as a leading niche player, a solution that is often the...

https://www.freightwaves.com/news/overhaul-raises-35m-to-enhance-visibility-for-shippers-carriers

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 …

The post

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/

OOCL to sell Long Beach Container Terminal to investors led by Macquarie

OOCL has agreed to sell its state-of-the-art Long Beach Container Terminal (LBCT) to a group of institutional investors led by Australia’s Macquarie Infrastructure Partners (MIP) for $1.78bn – less than the reported $2bn it cost to build.
The sale is the final condition for Cosco’s takeover of OOCL: last year, the US departments of Homeland Security and Justice decreed the terminal must be divested from the Cosco/OOCL portfolio for the purchase …

The post OOCL to sell Long Beach Container...

https://theloadstar.com/oocl-to-sell-long-beach-container-terminal-to-investors-led-by-macquarie/

Harley Marine Services ousts founder, CEO

The 120’×35’×19’3″, 5,350-hp Tier 4 tug Earl W Redd. Harley Marine photo.
Harley Marine Services announced yesterday that founder and Chief Executive Officer Harley Franco has been relieved of his duties as the Seattle company’s CEO.

The marine transportation services company said in a press release that Matt Godden would remain as president Harley Marine, and Jon Foster was named the “successor Chairman of the Board of Directors.”

“Since the beginning of 2019, Harley Marine has made significant progress in ensuring its long-term stability as one of the nation’s...

https://www.workboat.com/news/coastal-inland-waterways/harley-marine-services-ousts-founder-ceo/