CMA CGM to reflag box ship as the French carrier eyes growing Indian market
The box carrier heavyweights appear to be increasingly romancing the Indian market, with trade indicators ...
ID 95547677 © Juan Jose Vadell | Dreamstime.com
CMA CGM has finalised the terms of its sale of 10 terminals as it seeks to reduce its enormous debt burden.
The French carrier said would receive $968m in cash for the transfer of 10 facilities owned by the line to Terminal Link, a joint-venture. in which it holds 51% and Chinese port operator China Merchants the remaining 49%.
The carrier took strategic stakes in the box terminals: Odessa in Ukraine; the CMA CGM PSA Lion Terminal in Singapore; Mundra in India; ...
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