Oslo-listed car carrier operator Wallenius Wilhelmsen is selling its Melbourne International RoRo & Auto Terminal (MIRRAT) for A$332.5m ($221m) to Australian Amalgamated Terminals, a subsidiary of Australia’s largest logistics provider Qube.
MIRRAT is Australia’s largest car and roro terminal. The first phase launched in April 2016, after Wallenius Wilhelmsen won the bid to design, construct and operate the terminal in 2014.
The operator of around 125 vessels and eight marine terminals said it would continue to utilise MIRRAT and that the sale would not impact services to its customers.
“MIRRAT has been incredibly successful both commercially and financially, and the sale demonstrates the values created in our logistics business. As we continue to develop our integrated offering to customers, we believe the terminal’s independence and open access can be even better developed under new and independent ownership,” said Lasse Kristoffersen, president and CEO at Wallenius Wilhelmsen.
The sale is expected to close in the third quarter of this year.