Blackstone, KKR and Macquarie reportedly interested in taking over OOCL’s Long Beach facility

Blackstone, KKR and Macquarie reportedly interested in taking over OOCL’s Long Beach facility

Bloomberg is reporting a host of parties are interested in buying the OOCL terminal in Long Beach that Cosco has put up for sale as part of an agreement to get US regulators to agree to its acquisition of the Hong Kong liner earlier this year.

The financial newswire lists Blackstone, KKR, EQT Partners and Macquarie as all interested in the prime slice of Californian port territory with a price tag of $1bn being discussed.

Companies keen to bid for the terminal were asked to submit their interest last week, Bloomberg reported.

OOCL signed a 40-year, $4.6bn lease for the Middle Harbor terminal in Long Beach six years ago and has since set about making the facility one of the most modern on the US west coast.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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