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            november 15, 2019

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PSA grabs Halterm, tops Canadian National-CMA CGM joint bid


Singapore's PSA International will take control of Halterm in Halifax having topped a joint bid from the Canadian National Railway, French shipping giant CMA CGM and Montreal-based Logistec, reports IHS Media.
The terminal, owned by Australia's Macquarie Infrastructure and Real Assets, can handle ships up to 16,000 TEU, and has drawn comparisons to Prince Rupert for its ability to provide access to US destinations.
In August PSA announced taking 60 per cent stake in the Ashcroft Terminal inland port about 210 miles east of the port of Vancouver.
DP World in 2016 took over the container terminal at Saint John, New Brunswick, following its purchase of the Prince Rupert terminal the year before. This it adds to its Centerm facility at Vancouver.
While container growth at Halifax stalled in 2018, it has increased 50 per cent over the last five years, thanks Asian cargo growth. The port, with a 52-foot draft, has an annual handling capacity of 1.13 million TEU through its two terminals.
The planned temporary expansion of the Halterm terminal will increase the berth length from 2,165 feet to 2,890 feet, enabling it to handle two ships of more than 10,000 TEU at once.

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