PSA International acquires Canada’s Halterm Container Terminal

Singapore’s port with the monorail to Sentosa island.Singapore’s port with the monorail to Sentosa island.

PSA International has acquired Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners, after receiving regulatory approval, the port operator said in a filing to SGX Thursday.

Halterm is the only container terminal in Eastern Canada able to serve mega container vessels and it operates three container berths, the filing said. The terminal is undergoing a berth expansion, including the delivery of another Super Post-Panamax Quay Crane, so it can handle two mega container vessels at the same time, PSA said.

“We are excited to welcome Halterm into PSA’s global family of ports, as PSA’s first coastal terminal in Canada,” Tan Chong Meng, CEO of PSA, said in the statement.

PSA also operates the Ashcroft Terminal, which is British Columbia’s largest inland port facility, the filing said.

PSA is a global port group, with a network of more than 50 coastal, rail and inland terminals in 17 countries. It was previously called the Port of Singapore Authority, before becoming a corporation.

Macquarie Infrastructure Partners is a fund managed by Macquarie Infrastructure and Real Assets, the filing said.

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