Macquarie acquires Halterm Ltd

Over the past two years, Macquarie has made substantial investments in container terminal operations on the US West Coast as well as in Europe and Asia. It has a dedicated ports advisory team which assists with port development issues globally. Halterm is a 72-acre terminal within the Port of Halifax, with deepwater berths and six ship-to-shore gantry cranes.

“This is a very positive and exciting development for Halterm and the Port of Halifax,” said Doug Rose, president and CEO of Halterm Ltd. “Macquarie is an excellent strategic partner committed to expanding its presence in the port and container handling business. Its ability to provide worldwide access to financial, marketing and technical resources will be very beneficial to Halterm, its employees, our customers and the community of Halifax at large.”

In the meantime, the Halifax Port Authority has announced that it will deepen the Pier C berths of its Southend Container Terminal, which is operated by Halterm. The berths will be deepened from the current 15 m to 16 m, to provide safer clearance for fully-laden post-Panamax ships with a capacity of 8,000 teu or more. Dredging work began in mid-November, and the C$1.5m project will take three months to complete.