PSA acquires Penn Terminals from Macquarie Infrastructure Partners

PSA International has made its first foray into the US port market with the completion of its acquisition of Penn Terminals, a multipurpose facility located on the Delaware River on the US East Coast.

Penn, which was purchased from Macquarie Infrastructure Partners, offers handling of container, perishable, project, super sack, steel, pipes, forest products and other break-bulk cargoes.

Tan Chong Meng, group CEO of PSA International, said: “We are committed to partnering the state of Pennsylvania, customers, staff and the local community, as well as key stakeholders to augment Penn’s capabilities and connectivity in order to better serve the needs of shippers and receivers in the greater US mid-Atlantic region and beyond.