Carrix, a leading marine terminal operator based in Seattle, Washington, has announced plans to expand its North American terminal footprint with the purchase Ceres Terminals.
The agreement was reached with Ceres Terminals’ current owner Macquarie Infrastructure Partners III, a fund managed by Macquarie Asset Management.
Ceres currently operates in 18 locations throughout North America, including California, Houston, Montreal, Vancouver, B.C., and the U.S. Atlantic and Gulf coast regions. Its container terminals can handle approximately 10 million TEUs per year. In the past eight years, Ceres has broadened its stevedoring operations to include a range of terminal concessions that offer on-dock logistics services for containers, roll-on roll-off cargo, breakbulk cargo, and cruise passengers.
Carrix is the parent company of SSA Marine, which operates at over 250 port and rail locations globally. This includes 18 container terminals in Long Beach, Oakland, Seattle, Tacoma, Jacksonville, Panama, Mexico, Chile, Colombia, and Vietnam. SSA Marine runs cruise, auto, and other conventional terminals throughout the United States and Canada.
“We are excited to expand SSA Marine’s footprint further into the rapidly growing Atlantic and Gulf Coast regions of the United States,” said Uffe Ostergaard, President & CEO of Carrix.
“Ceres Terminals has developed a leading position serving the world’s largest cruise line customers throughout the U.S. and in Canada, and we look forward to expanding this segment with our combined cruise operations expertise,” he added.
Financial terms of the transaction were not disclosed. The purchase remains subject to the execution of a final deal and regulatory approval.
Source: G Captain