PSA International Pte Ltd (PSA) has completed the acquisition of Halterm Container Terminal (Halterm) in the Port of Halifax, Canada, from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets, following formal approval by the relevant regulatory authorities.
Halterm is the only container terminal in Eastern Canada that can serve mega container vessels. It operates three container berths covering more than a kilometer of quay length with a depth of up to 16 meters. The terminal is currently undergoing further berth expansion, including the delivery of a fifth Super Post-Panamax Quay Crane, which will enable Halterm to handle two mega container vessels concurrently in 2020.
The Port of Halifax is Canada’s Ultra Atlantic Gateway, connecting to more than 150 countries and generating CAD2 billion in annual economic benefit from a diverse cargo and cruise business. Offering a natural, deep harbor and world-class infrastructure, the Port of Halifax can accommodate large volumes of containerized cargo, roll-on roll-off cargo and project cargo of any size.2 of 2 The Port of Halifax's natural advantages make it ideally positioned for the trend towards increasingly larger ships. 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 (Great Circle Route) from Europe to North America.
The Port of Halifax also has exceptional highway connections for Atlantic Canada’s high-value exports. Together with CN, it offers double-stack and reefer service coast to coast as well as a continuous line from Halifax to Chicago, Detroit, and Indianapolis connecting the US Midwest.