SERVICES

PSA grows in the North American East Coast

Halifax - PSA International has acquired the Halterm Container Terminal in south end Halifax, from Australia’s Macquarie Infrastructure Partners for an undisclosed amount

Halifax - Singapore’s PSA International has acquired the Halterm Container Terminal in south end Halifax, from Australia’s Macquarie Infrastructure Partners for an undisclosed amount. According to a report by U.S.-based Journal of Commerce, the deal also includes PSA taking over multipurpose terminal Penn Terminals in Pennsylvania from the same Macquarie Infrastructure Partners fund.

“Container growth at Halifax stalled in 2018, but the prospect for stronger growth remains, considering volume through the Nova Scotia gateway jumped 50 per cent over the last five years, largely thanks to attracting new Asia services,” the Journal of Commerce reported.

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