Deutsche Bank may be selling Maher Terminals

The Wall Street Journal reported Deutsche Bank, owner of Prince Rupert’s Maher Terminals, is considering selling.

The Wall Street Journal reported on Thursday that Deutsche Bank, owner of Prince Rupert’s Maher Terminals, is considering selling either the entire company or its terminals separately.

Maher has terminals in Prince Rupert and at Port Elizabeth in New Jersey.

The Journal stated that lost contracts and lower-than-expected volumes, along with a high debt load, in part due to the 2007 acquisition, were at the root of Deutche Bank’s decision to begin suiting potential buyers.

“Port of Prince Rupert is considered the better-performing part of Maher, some of the people said. It is the closest North American port to Asia, according to its website,” the Wall Street Journal reported.