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cma cgm
Logistics CMA CGM and Stonepeak launch $2.4bn United Ports joint venture for global terminal expansion
CMA CGM and infrastructure investor Stonepeak have completed the formation of United Ports, a joint venture holding nine container terminals across five countries. Stonepeak invested $2.4bn for a 25% stake, while CMA CGM retains 75% ownership and operational control. The portfolio includes key gateways in Los Angeles, New York, Brazil, Spain, Taiwan, and Vietnam, with plans to add Nhava Sheva Freeport Terminal in India pending regulatory approvals. The JV will fund capacity expansions, cargo-handling equipment, rail connections, and electrification. Stonepeak may commit an additional $3.6bn, bringing potential total investment to $6bn.
Logistics CMA CGM and Stonepeak Launch United Ports LLC in $2.4 Billion Terminal Joint Venture
French liner CMA CGM and private equity firm Stonepeak have announced the formation of United Ports LLC, a joint venture to expand CMA CGM's global network of marine terminals. Stonepeak will invest $2.4 billion for a 25% stake, with CMA CGM retaining 75% and operational control. The venture includes 10 key port assets across four continents, and CMA CGM plans to reinvest the capital in its core transportation businesses.
Logistics Geopolitics Drives CMA CGM Q2 Profit Surge of 42% as Volumes and Rates Climb
CMA CGM posted a 42.4% increase in second-quarter EBITDA to $2.26 billion, with maritime volumes rising 6% to 6.3 million TEUs. The carrier attributed the results to geopolitical instability, sustained freight rates, and network adjustments, including new services like the Mekong Transpacific Express.
Logistics CMA CGM on course to overtake Maersk as world's second-largest containerline by end of 2027
CMA CGM is on track to overtake Maersk as the world's second-largest containerline by end of 2027, according to CEO Rodolphe Saadé. Linerlytica data suggests the overtake will happen by July 2027. Maersk's disciplined fleet strategy and focus on integrated logistics contrasts with CMA CGM's aggressive capacity expansion across ocean, terminals, air cargo, and inland transport.
Logistics CMA CGM Hires FedEx Executive Patrick Moebel to Lead Ceva Logistics
CMA CGM appointed former FedEx Logistics president Patrick Moebel as CEO of Ceva Logistics, replacing Matthieu Friedberg. Moebel brings extensive North American and logistics experience as CMA CGM continues its transformation into an end-to-end logistics provider, including the pending acquisition of FedEx Supply Chain.
Logistics CMA CGM Acquires FedEx Supply Chain in $1.4 Billion Deal to Expand US Logistics
CMA CGM has agreed to acquire FedEx Supply Chain for $1.4 billion, folding it into its CEVA Logistics arm. The deal nearly triples CEVA's North American contract logistics footprint, adding 10,000 employees and 150 warehouses. CMA CGM will also become a preferred ocean carrier for FedEx under multi-year agreements covering ocean and air freight.
Logistics FedEx sells supply chain unit to CMA CGM for $1.4B, expanding CEVA's North American logistics footprint
CMA CGM Group agrees to acquire FedEx Supply Chain from FedEx Corp. for $1.4 billion in enterprise value, nearly tripling the North American contract logistics footprint of its subsidiary CEVA Logistics. The deal includes multi-year commercial agreements for air and ocean freight services and positions CMA CGM as a preferred ocean carrier for FedEx.
Logistics CMA CGM and Asyad Group Sign $400m Multipurpose Terminal Deal in Oman's Sohar Port
Oman's Asyad Group and French liner CMA CGM have signed a framework agreement to develop and operate a new multipurpose logistics terminal in Sohar, with an expected investment of around $400m. The project aims to strengthen Oman's position in regional and international trade corridors, adding integrated logistics and cargo handling capacity.
CMA CGM launches third startup competition with €50,000 in pilot funding for winners
CMA CGM has launched the third edition of its international startup awards programme, offering up to €50,000 in pilot project funding and a year of ZEBOX support to six winners. Applications are open until August 7 across six themes including AI-driven logistics, low-carbon tech, and humanitarian logistics. Previous winners have already worked with CEVA Logistics and CMA Media.
Logistics CMA CGM Moves to Acquire Aircraft Maintenance Specialist Crystal Aero Solutions
CMA CGM has signed a preliminary agreement to acquire Crystal Aero Solutions, a French aircraft maintenance company that supports its freighter fleet. The acquisition aims to strengthen CMA CGM's air cargo operations, with Crystal continuing as an independent provider. Financial terms were not disclosed.
Logistics CMA CGM Expands Fleet with New Hengli Boxship Order
CMA CGM has placed an order for eight 6,000 TEU containerships at Hengli Heavy Industries, enhancing its fleet expansion. This move strengthens CMA CGM's position with the largest orderbook among global liners.