Easter buzz, Taiwanese carriers' explosive growth...and grief
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The sale of state-of-the-art Long Beach Container Terminal (LBCT) by OOCL to a consortium led by Australia’s Macquarie Infrastructure Partners (MIP) eventually gives us a benchmark in terms of valuation for such assets, putting to rest the speculation that LBCT could have either fetched a stellar valuation (over $2bn) for the seller or a bargain deal (around $1bn) for the buyer.
In short, the price seems fair, and negotiations did not drag unnecessarily. As expected, the deal closed before mid-year, which according to ...
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Alex Lennane
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Alessandro Pasetti
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