News / CMA CGM buys major Los Angeles container terminal operator for $2.3bn

APL Merlion calls Fenix Terminal Port of Los Angeles

03/11/2021

CMA CGM is set to massively expand its footprint in the Los Angeles-Long Beach port complex, agreeing to acquire LA terminal operator Fenix Marine Services.

The carrier group already holds a 10% stake in the box facility and will become the sole owner when it buys ...

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