It is perhaps unsurprising that the city which has some of the highest property prices in the world would also command inflated prices for the cargo facilities that serve it.

But hey, that’s New York for you.

The Wall Street Journal reported last week that the port of New York & New Jersey’s largest container terminal, Maher, is up for sale.

Jewel with a premium

The facility remains one of the port’s jewels. By common consensus it accounted for 3m teu of New York’s ...

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