EXCLUSIVE: MSC vs CMA CGM – twists and turns at Clasquin & Ceva
Rivalry? What rivalry?
Closure of the CMA Terminals deal to acquire 25.5% of HMM’s Total Terminal International Algeciras (TTIA) facility brought the French group’s port portfolio back under the spotlight and its questionable structure.
Future deal-making
It is split between Terminal Link, the 51%-49% joint-venture it has with China Merchants comprising 10 terminals that are, with one exception, key nodes on the Asia-Europe trade serving deepsea direct calls; and then there’s the rest, which come under CMA Terminals.
Except that Algeciras – which could arguably lay ...
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