Supply Chain Research

The U.S. seaport sector continues to be roiled by financial restructuring, with two Singaporean investments made in the past few days. PSA International acquired a series of assets from Macquarie including Penn Terminals. The largest users of that asset include ICL, Seaboard Marine and Crowley who together accounted for 95.3k TEUs of shipments in the 12 months to Apr. 30. Singapore’s GIC has acquired a 10% stake in Terminal Investment, part-owned by container-line MSC which has taken a majority stake at the same time. MSC accounted for 17.2% of traffic through the port, or 34.5% when inc...