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April 4, 2022

Singapore’s PSA acquires Ceres Halifax in Canada

PSA Halifax’s Atlantic hub terminal will help build up Eastern Canada’s leading ‘Ultra-class’ capable hub.

Singapore-based PSA International has acquired Ceres Halifax from Japanese shipping firm Nippon Yusen Kabushiki Kaisha for an undisclosed sum.

The deal allows PSA Halifax to operate two container terminals, called Atlantic Hub and Fairview Cove, at the Port of Halifax in the Canadian province of Nova Scotia.

With this move, PSA becomes the sole container terminal operator at this port.  

The Atlantic Hub terminal is situated at the south end of the city of Halifax, while the Fairview Cove terminal is located at the north end of the city.

Both terminals are jointly branded under PSA Halifax.

The Fairview Cove terminal is said to complement the Atlantic Hub’s existing operations for vessels of up to 8,000 twenty-foot equivalent (TEU) capacity.

PSA Group CEO Tan Chong Meng said: “PSA Halifax’s Atlantic Hub was our Group’s first coastal terminal investment in Canada, and we are pleased to be given the opportunity to also operate the Fairview Cove terminal.”

The joint operations will enable PSA Halifax’s Fairview Cove terminal to develop its railhead, RoRo (roll-on roll-off) capabilities to improve connectivity for shippers.

Additional westbound service options provided at the terminal to importers from North Europe and California ‘dovetail’ with weekly South Asia vessel services.

PSA Halifax’s Atlantic hub terminal will also help to build up Eastern Canada’s leading ‘Ultra-class’ capable hub.

It will offer the largest container ships on North America’s east coast access to routes with minimal deviation on all trans-Atlantic routings from Asia and Europe.

Halifax Port Authority president and CEO Captain Allan Gray said: “Our operating model provides cost advantages to those looking for a reliable and efficient way to move cargo inland now and in the future.”

In 2019, PSA acquired Penn Terminals, located on the Delaware River, Pennsylvania, US, from Macquarie Infrastructure Partners.

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