CMA CGM's $20bn US pledge: all fur coat and no knickers
Is Macron at the helm?
By Sam Whelan
As competition for Mediterranean container traffic heats up, CMA CGM is set to operate a new container terminal at Egypt’s port of Alexandria.
The French shipping group will manage the multipurpose, 1.5m teu capacity facility, Pier 55, with operations commencing next year.
It is the second major box terminal deal for Egypt in six months and follows Hutchison’s August deal to develop a $730m terminal at Abu Qir, just 20km away, with the first phase of the 2m teu capacity facility also opening ...
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