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 ...
French carrier CMA CGM has cemented its port investment position in the Gibraltar straits after completing its acquisition of 50% of HMM’s Total Terminal International Algeciras facility, following approval from the Spanish port authority.
CMA CGM has taken a 25.5% stake in TTIA, with investment fund partner DIF Capital Partners taking 24.5%, leaving HMM with a 50%+ one share stake.
The deal makes CMA CGM the second major carrier, after Maersk, to have a presence in ports on both sides of the ...
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