Macquarie Group News

Singapore's Keppel Corp KPLM.SI on Thursday reported a more than seven-fold jump in its first-half profit boosted by a one-off gain from the sale of its offshore and marine (O&M) unit and strong performance from the infrastructure business.Keppel sold its offshore and marine business in February for S$4.50 billion ($3.40 billion) to Sembcorp Marine, recognising a gain of S$3.3 billion, as it aims to transform into an asset manager overseeing $150 billion by 2030 and focus on green energy.It managed S$53.2 billion in funds as of June 30.In May…

Australian financial conglomerate Macquarie Group said on Thursday it would divest its U.S.-based port terminal operator Ceres Terminals, with a source familiar with the matter placing the deal value north of $900 million.Macquarie did not disclose any further details on the deal, and declined to comment on Reuters' request seeking confirmation of the sale value.The Wall Street Journal in May reported that Macquarie was looking for about $1 billion from the sale, citing sources familiar with the matter.The deal value could be at the lower end of what the Wall Street Journal reported…

Unions hope a $30 million grant to electrify tractors in a Long Beach, California, port terminal's final push to become the world's first zero-emissions facility will serve as a bulwark against lost jobs in an era of energy transition and increasing automation. The money from U.S. President Joe Biden's administration for Long Beach Container Terminal's purchase of 60 electric yard tractors that haul shipping containers from stacks to waiting trains comes with strings attached…

Australia's Macquarie Group Ltd is looking to sell its North American port facilities business, Ceres Terminals, for about $1 billion, the Wall Street Journal reported on Tuesday citing sources familiar with the matter.The financial conglomerate acquired full control of the general cargo stevedoring operations in 2019 from Tokyo-based shipping and logistics firm Nippon Yusen Kaisha (NYK Line).Ceres moves about 4.3 million containers annually at several major ports in the United States, according to its company website.The shipping industry globally has been under pressure as supply-chain bottl

Australia's Macquarie group is investing in Brazilian ports by taking a stake in port operator CLI and funding a deal to buy sugar and grain terminals in Latin America's largest port, Santos, for $260 million, the companies said on Friday.Railway operator Rumo said in a securities filing late it has sold 80% of its subsidiary EPSA, which manages terminals 16 and 19 in Santos, to CLI for 1.4 billion reais ($260 million). Rumo will remain a minority shareholder.CLI, formally Corredor Logistica e Infraestrutura, belonged to the Brazilian private equity fund IG4.

Tanker operator Penfield Marine and Macquarie Group’s Commodities and Global Markets division announced the execution of Penfield’s first carbon-neutral voyage in a collaboration that will enable Penfield Marine to offer environmentally differentiated freight products to its customers.The structure achieves carbon-neutral freight by retiring carbon offsets sufficient to cover the carbon footprint of an entire voyage, including emissions associated with the vessel’s ballast leg, positioning the vessel to perform the voyage, the laden passage and all in port load and discharge operations.

Australia's Port of Newcastle has signed a A$515 million ($398 million) loan with National Australia Bank (NAB) that links interest payments to non-mandatory social and environmental targets, the companies said.The world's largest coal port will pay less if certain targets are met, including reducing its direct and indirect greenhouse gas emissions and screening all customers for modern slavery risks, they said in a joint statement.The loan also contains metrics focused on mental health first aid…

Singapore port operator Jurong Port has completed its acquisition of a stake in a major oil storage terminal in the city-state from the family behind collapsed oil trader Hin Leong Trading Pte Ltd, a port spokesman said on Saturday.The spokesman said government-owned Jurong Port had completed the purchase of a 41% stake in Universal Terminal from the Lim family. He declined to give details on the transaction.A lawyer for the family did not immediately respond to a Reuters email…

Macquarie Infrastructure and Real Assets (MIRA) has agreed to lift its shareholding in the 576-MW Gwynt y Mor offshore wind farm in the UK by purchasing an additional 10% stake for an undisclosed sum.MIRA has managed a 10 per cent stake in Gwynt y Môr since 2017 following Macquarie Group’s acquisition of the Green Investment Bank.Gwynt y Môr is a 576 MW offshore wind farm positioned 13 kilometers off the coast of North Wales. Operational since 2015, Gwynt y Môr is comprised of 160 3.6 MW wind turbines spread across 80 square kilometers. Each year, the wind farm provides enough clean electricity to power approximately 430,000 UK homes.Leigh Harrison, Head of MIRA EMEA, said: “We are delighted to announce an additional investment in Gwynt y Môr Offshore Wind Farm.

The European Commission has approved the acquisition of Ocean Breeze Energy GmbH & Co. KG by Sage Holdings, ultimately indirectly controlled by Macquarie Group Limited.Ocean Breeze Energy is the owner of North Sea wind farm BARD Offshore 1, from Unicredit. The 400MW offshore wind farm is positioned 100 kilometres off the coast of northwestern Germany.Under the EU Merger Regulation, the proposed acquisition would raise no competition concerns as the companies are not active on the same or vertically related markets, announced European Commission.Comprised of 80 5MW wind turbines spread over 59 square kilometres, the project harnesses powerful North Sea winds to supply the equivalent of approximately 463…

Spanish public multinational electric utility company Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm.The group will continue to be the majority shareholder, with 60% of this offshore wind farm, which will be one of the largest in the world when it enters into operation.According to transaction terms and conditions the entire value of EAO amounts to £4.1 billion and when the wind farm is operational in 2020, Iberdrola will receive £1.63 billion (about €1.75 billion [1]) for the 40% stake. These funds will be allocated to…

Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion.OOIL, which is majority-owned by Cosco Shipping Holdings, was the terminal operator under a lease agreement with the port. It has entered into a Sale and Purchase Agreement to sell 100% of LBCT  to the consortium led by Macquarie Infrastructure Partners (MIP). LBCT LLC operates the container terminal in the Port of Long Beach, California, United States.The sale is undertaken pursuant to the National Security Agreement entered into by OOIL, Faulkner Global Holdings Limited, a subsidiary of COSCO SHIPPING Holdings Co., Ltd, and the U.S. Department of Homeland Security and the U.S.

Germany's No.2 lender DZ Bank is finalizing the sale of parts of its troubled transport financing division DVB Bank months after struggling to sell the whole business, two sources familiar with the matter said.DZ Bank has had to make large provisions for bad loans in shipping finance, which is among the reasons for the sale process.The sources, who declined to be identified due to the sensitivity of the matter, said DZ Bank, which is also the umbrella organisation of German co-operative bank chain Raiffeisen-Volksbanken…

DCT Gdansk and Maersk Line have made a major step forward for the marine industry in Poland with the first regular E class vessels call to the Baltic Sea. In January 2010, Maersk and DCT started a revolution in the Baltic Sea by establishing a regular connection between the Far East and Gdansk served by 8,000 TEU vessels. With the upgrade to 15,500 TEU vessels - the largest in the world – the Baltic revolution is now in full swing. The maiden call of mv Maersk Elba gave cause for a two-day event during which many VIPs congratulated Maersk and DCT.

Since it opened in 2007, the new DCT Gdansk container terminal has had several opportunities to demonstrate its versatility, notably with the transhipment of motor vehicles from deepsea to feeder car carriers and even the handling of a cruise vessel. It has also handled several heavylift vessels including, of course, the vessels that delivered its ship-to-shore cranes and RTGs. More recently though, the terminal has handled a number of very heavy pieces destined for the adjacent Gdansk oil refinery, operated by Group Lotos, and further shipments are programmed for later in 2009.

On October 1, 2008, the Polish deepwater container terminal DCT Gdansk celebrated its first birthday with a large reception party, attended by close to 300 people. Amongst invited guests were representatives of freight forwarders, shipping lines and rail operators working with the terminal, as well as local authorities with the Mayor of Gdansk and the Chairman of the . The ambassadors of and were also in attendance. These anniversary party celebrations took place on the terminal apron in a transparent marquee…