Several of the world’s largest ocean carriers, port operators, and infrastructure investors are circling the potential sale of Maher Terminals, the biggest container-handling facility at the Port of New York and New Jersey, which could fetch over $3 billion, reports The Wall Street Journal. Currently owned by Macquarie Asset Management, the 450-acre terminal in Elizabeth, New Jersey, the last major facility at the port not controlled by carriers, has drawn interest from firms such as MSC and Hapag-Lloyd as well as operators like PSA International and DP World due to its ability to berth multiple large containerships and its strategic role as a gateway to the US Northeast. Demand for port terminals has grown as carriers seek greater control over cargo flows, and any buyer must plan substantial investments to modernize the facility to handle rising traffic at one of America’s busiest ports.
