Sale of three of four OOIL terminals completed
Hong Kong's Orient Overseas (International) Ltd. has completed the sale of three of the four terminals bought late-November by the Ontario Teachers' Pension Plan Board for $2.4 billion.
The three terminals are the Deltaport and Vanterm terminals in the Port of Vancouver in Canada and the Global Terminal in Bayonne, N.J., in the Port of New York and New Jersey.
The terminal awaiting sale completion, New York Container Terminal, still requires the consent of the New York and New Jersey Port Authority.