NYK group buys 20% stake in Maher Terminals
The NYK group has announced that its port operating subsidiary acquired a 20% share in the Port of New York/New Jersey’s Maher Terminals together with investment fund Macquarie Infrastructure Partners III (MIP III).
MIP III, which is a diversified, closed end fund which focuses on investments in infrastructure and related assets in the US and Canada, has a minority stake in NYK Ports.
The deal is part of the NYK group’s medium-term management plan ”More Than Shipping 2018,” which includes plans to strengthen its global network and enhance synergy between terminals and container vessels.
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