As previously announced, today PSA International Pte Ltd has completed the acquisition of Halterm from Macquarie Infrastructure Partners. This is a good news story for the port, as PSA is a terminal operator, and not simply an investment fund. PSA will work with Shippers, CN, and the port to increase business, and has extensive operations around the world.
With the Pier Expansion underway, and a new crane on order (with an option for a second) things are looking good at Halterm today.
PSA’s other Canadian facility is the Ashcroft Terminal, British Columbia’s largest inland port facility. Ashcroft Terminal is located approximately 300km east of the Port of Vancouver, close to the major highways, and offers unique rail connectivity to both Class 1 railroad lines – CN and CP