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China Merchants reportedly in discussions for further CMA CGM terminal investments

Photo of Sam Chambers Sam ChambersSeptember 3, 2019
8 Less than a minute

Bloomberg is reporting that China Merchants Group is looking to invest in more ports owned by French containerline giant CMA CGM.

The Chinese company already owns a 49% stake in CMA CGM’s Terminal Link, which it bought for $443m six years ago.

Terminal Link has 13 terminals across the world. The French line also has another port subsidiary, CMA Terminals, which has 32 terminals globally either in operation or under construction.

Both parties declined to comment when contacted by Bloomberg.

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Photo of Sam Chambers Sam ChambersSeptember 3, 2019
8 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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