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Acquisitions in the US port sector booming again

Acquisition activity in the US container terminal sector has reached its highest level since before the financial crisis, says Drewry, where the prices were much higher.

Investments in container terminals in the US are back at the highest level since the merger and acquisition activities boomed in the years ahead of the financial crisis. 2014 has so far seen several high-profile transactions, with most buyers being financial players and infrastructure funds.

While investments 8-10 years ago were driven by the expectations of significant volumes, China's entry into the World Trade Organization (WTO) and growth in the US economy - with trades often recorded at record-high figures of more than 20 times EBITDA - the activity level has now returned to a high level, according to Drewry Container Insight.

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