The CMA CGM Group partners with Stonepeak to create United Ports LLC, acquiring 10 global ocean terminals, including key assets in the U.S. and abroad. This $2.4-billion joint venture strengthens CMA CGM’s presence in the United States and enhances service quality for customers. Stonepeak’s expertise in logistics infrastructure supports the development and operations of these strategically located terminals. CMA CGM plans to reinvest the $2.4 billion into its core shipping and logistics businesses, maintaining a 75% stake in United Ports with full operational control. This partnership marks a significant step in global trade and infrastructure investment.

Read more at Yahoo Finance: CMA CGM in joint venture for US, global container terminals