Singapore’s PSA International has expanded its footprint in Canada with the acquisition of the Halterm Container Terminal in the Port of Halifax.
It has been acquired from Australia’s Macquarie Infrastructure Partners following formal approval by the relevant regulatory authorities. Financial terms were not disclosed.
Halterm is described as “the only container terminal in Eastern Canada” that can serve mega container vessels.
It operates three container berths covering more than a kilometre of quay length with depth of up to 16 metres.
It is undergoing further berth expansion, including the delivery of a fifth super post-panamax quay crane, which will enable it to handle two mega container vessels concurrently in 2020.
“We are excited to welcome Halterm into PSA’s global family of ports, as PSA’s first coastal terminal in Canada,” said PSA International chief executive Tan Chong Meng.
Karl Kuchel, chief executive of Macquarie Infrastructure Partners, which acquired Halterm in 2007 said: “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.”
Offering a natural, deep harbour and world-class infrastructure, PSA said the Port of Halifax can accommodate large volumes of containerised cargo, roll-on roll-off and project cargo of any size.
“The Port of Halifax’s natural advantages make it ideally positioned for the trend towards increasingly larger ships,” PSA International said.
“It is the first inbound port and the last outbound port of call for North America’s east coast, located only about 50 nautical miles from major shipping lanes – the Great Circle Route – from Europe to North America.”
In Canada, PSA also operates Ashcroft Terminal, British Columbia’s largest inland port facility, which is located about 300km east of the Port of Vancouver.