CMA CGM to acquire major US terminal

As part of its plan, the Group will accelerate FMS’ development and plans to make the following significant investments:

• Extend the container yard to increase the terminal’s capacity in a staged approach.
• Expand the terminal’s rail capacity to create one of the largest rail infrastructures in the United States.
• Construct a new berth.
• Continue the terminal’s digital transformation.

By early 2022, the FMS terminal will welcome the first CMA CGM LNG-powered 15,000-TEU ships to be deployed on routes between Asia and the United States.

The closing of this transaction remains subject to the approval of the competent regulatory authorities.

With this acquisition, funded from its own resources, CMA CGM is bolstering its position as a global port terminal operator. Currently, the Group has investments in 49 port terminals in 27 countries, through its two subsidiaries CMA Terminals and joint venture Terminal Link.

CMA CGM Group chairman and chief executive of the CMA CGM Group Rodolphe Saadé said, “The swift recovery of the global economy has demonstrated the importance of ports and logistics infrastructure. To manage efficiently our port operations on the west coast of the United States, we have decided to acquire Fenix Marine Services. Fenix Marine Services is one of the largest terminals in this country and one of its most strategic gateways. It is a key industrial facility which will significantly strengthen our position and support our rapid growth in this market.”