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PSA Acquires Major North American Terminal

PSA Acquires Major North American Terminal

Singaporean terminal operator PSA International has announced the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets (MIRA). 

Halterm, PSA’s first coastal terminal in Canada, is one of the main container terminals in North America serving the Eastern Canada seaboard. Situated at the mouth of Halifax harbour, it is the closest North American east coast container terminal to Europe.

(Halifax, Canada)

The terminal is the only facility in eastern Canada capable of handling container vessels of 10,000-plus TEU capacity, with on-dock rail direct to Toronto, Montreal and the US mid-west. It operates three container berths covering over one km of quay length with depth of up to 16 metres.

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The terminal is undergoing further berth expansion which is expected to be completed by 2020. The expansion plan include the delivery of a fifth Super Post-Panamax Quay Crane that will allow the Port operators to handle two mega container vessels concurrently.

The Port of Halifax connects to more than 150 countries and generates approximately USD$ 1.5 billion for economy every year. The Port offers double-stack and reefer service coast to coast as well as a continuous line to the US Midwest connecting Halifax to Chicago, Detroit and Indianapolis.

Tan Chong Meng, Group CEO at PSA International said, “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.”

“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,” also commented Karl Kuchel, CEO at Macquarie Infrastructure Partners.

PSA also counts Ashcroft Terminal, British Columbia’s largest inland port facility, in its Canadian portfolio.

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