Friday, 03 May 2019 14:28

Macquarie acquires OOCL’s Long Beach terminal for $1.78bn

559 Macquarie


Cosco has chosen a consortium led by Macquarie Infrastructure for the sale of its Long Beach Container Terminal. Cosco is selling the terminal as part of US authorities agreeing the takeover of OOCL last year. The terminal is one of the most advanced box handling facilities in California and Cosco had a variety of bidders to choose from. As part of the deal, OOIL’s Orient Overseas Container Line will sign a 20-year container stevedoring and terminal services contract.



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