Report: Highstar Capital Considers Selling Ports America

Image Courtesy: Highstar Capital

US-based infrastructure investment fund manager Highstar Capital is considering the sale of its marine terminal operator and stevedore Ports America, Bloomberg cited sources close to the matter.

The company is, together with investment bank RBC Capital Markets LLC, reportedly searching for a buyer for the USD 1 billion-worth terminal operator.

World Maritime News contacted Highstar Capital and Ports America for more details on the matter, however, the companies are yet to reply.

Headquartered in New Jersey, Ports America operates in more than 42 ports and 80 locations, handling 13.4 million TEUs, 2.5 million vehicles, 10.1 million tons of general cargo and 1.7 million cruise ship passengers annually.

In April, the terminal operator said that it plans to increase its West Coast presence through additional investments, services and expansion of its terminal capacity.

The latest transaction includes an expansion and 20-year lease extension of the Husky Terminal in Tacoma, Washington.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>


<< Mar 2018 >>
26 27 28 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >