Business, Freight News, Sea

PSA expands its presence in the Port of Halifax

[ April 6, 2022   //   ]

PSA International Pte Ltd recently acquired Ceres Halifax Inc. from Nippon Yusen Kabushiki Kaisha. PSA Halifax will now operate two container terminals in Halifax, namely Atlantic Hub and Fairview Cove, jointly branded under PSA Halifax.
PSA Halifax’s Atlantic Hub terminal is located at the south end of the city of Halifax and new investment in mega vessel handling capability over the past two years have future-proofed its long-term competitiveness, allowing it to handle the largest vessels ever to call at Canada’s ports to date. PSA Halifax’s Fairview Cove terminal, at the north end of the city, will complement Atlantic Hub’s existing operations for vessels of up to 8,000-TEU capacity as part of its integrated offerings.
“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,” said Tan Chong Meng, Group CEO of PSA. “This will allow the port to expand its service offerings and transform it from a coastal to a global hub port – enhancing competition, presenting significant efficiencies and strengthening Halifax’s position as a port of choice.”
He added how PSA looks forward to greater collaboration with the Halifax Port Authority, CN Rail and other partners, as it seeks to extend Halifax’s hinterland to new markets.
“This is a significant milestone for all parties involved,” said Thomas J. Hayes, Chair of the Board of Directors, Halifax Port Authority. “Halifax is a port that can handle the large vessels and focuses on operational efficiency. This new operating model will allow PSA Halifax to capture new efficiencies which will ultimately help drive more cargo through our international gateway, creating opportunities for Nova Scotia manufacturers, importers and exporters, and more cargo-related jobs across the supply chain.”
The joint operations will allow PSA Halifax’s Fairview Cove terminal to build on its extensive railhead, RoRo capabilities and location to drive greater connectivity for shippers. At the terminal, additional westbound service options made available to importers from North Europe and California dovetail with weekly South Asia vessels.
PSA Halifax’s Atlantic hub terminal continues to build up Eastern Canada’s leading ‘Ultra-class’ capable hub, providing to the largest container ships on North America’s east coast, minimal deviation routes from Asia and Europe on all trans-Atlantic routings. The terminal has in recent years welcomed a new service from Europe and announced Canada’s first direct connection to and from India.
In May 2021, it received Canada and East Coast North America’s largest container ship, handling its first 16,000-TEU capacity vessel from Asia. With fast and efficient CN Rail service, backed by a unique and growing network of coastal feeder opportunities, PSA Halifax’ Atlantic Hub and Fairview Cove will offer superior logistical support and environmentally-beneficial options for a broad range of shippers.

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