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.

Just Posted

EXCLUSIVE | Ron MacLean on Prince Rupert: “A kaleidoscope for the eyes”

Rogers Hometown Hockey host on Canucks, B.C.’s First Nations story and hockey’s new reflection phase

EXCLUSIVE: Kirk McLean on first time in Prince Rupert, changing nature of goaltending and Canucks outlook

Alex Kurial caught up with legendary Vancouver Canucks goaltender at Rogers Hometown Hockey

Adverse weather conditions lead to pair of ferry cancellations

Northern Expedition sailings from Prince Rupert and Skidegate affected

Rink ready, for the Rampage, minor hockey and more

Plenty of maintenance work ensures the Civic Centre’s ice surface is in pristine condition

EXCLUSIVE: Slone on Prince Rupert, working with MacLean and women in sports

Tara Slone, host of Rogers Hometown Hockey, sat down with reporter Alex Kurial for an interview

WEB POLL: Is hockey part of your identity as a Canadian?

Prince Rupert is Hometown Hockey! Is the sport part of your national identity?

The Northern View presents Santa Shops Here in Prince Rupert

More reasons to spend your shopping dollars locally

Fireballs to fill the sky Friday for brightest meteor shower of the year

Geminid meteor shower features colourful, brighter, longer shooting stars

Province sues over sailing incident that killed teen with disabilities

Gabriel Pollard, 16, died from injuries after marine lift failed

First Nations want Big Bar landslide cleared ASAP to allow fish passage

Leadership calling for urgent action and resources to remove obstruction on the Fraser

Assessed value of Lower Mainland homes expected to decrease in 2020

Other areas of province may see modest increases over last year’s values

Terrace SAR headquarters in last stretch of fundraising

$400,000 dollars needed to finish $1.4 million project

Chilliwack family’s therapy dog injured in hit and run

Miniature pit bull Fifty’s owner is a single mother facing close to $10,000 in vet bills

Most Read