Laem Chabang - Bankok - Tailandia.
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; ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.