P&O Trans Australia (POTA) has reportedly paid $33 million to fully acquire Maritime Container Services (MCS).
MCS controls up to 30-40% of Sydney’s empty container traffic.
The company also operates two empty container storage and repair parks in Sydney, at Cooks River and Banksmeadow, with a total capacity of around 15,000 TEU.
With around 120 staff, the company runs a number of trucks as well as rail services to and from the port and customers’ premises.
MCS entered into a 20-year lease with Sydney Ports Corporation on 1 January 2008 for the Cooks River site.
P&O Trans is half-owned each by DPWorld and KFM.
Source: Transport and Logistics News http://www.tandlnews.com.au
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