Japan to Invest in U.S. Terminals
NYK Ports, subsidiary of Japan’s Nippon Yusen Kaisha (NYK), together with Macquarie Infrastructure Partners III have invested in Maher Terminals, which operates a terminal in the US port of New York and New Jersey.
The investment was completed last week with NYK Ports acquiring a 20% share of Maher Terminals, MANA correspondent reported.
Maher Terminals is the largest terminal in the port of New York and New Jersey, boasting handling capacity of 3m teu annually.
After construction to raise the Bayonne Bridge’s clearance is completed in late-2017, the terminal will be able to accommodate containerships of up to 14,000 teu.
Demand growth is anticipated as traffic bound for the US East Coast through the Suez Canal rises as manufacturing shifts from China to Southeast Asia, and as larger ships destined for the East Coast make use of the expanded Panama Canal