CMA CGM and Stonepeak to form a joint venture.

CMA CGM, a French shipping and logistics company, and Stonepeak, an alternative investment firm, agreed to form a joint venture. “The creation of United Ports LLC, our joint venture with Stonepeak, marks an important step in the development of our terminal activities in the United States and globally. Through this strategic partnership, we bring together ten CMA CGM-operated terminals across six countries, including major facilities such as FMS in Los Angeles, Port Liberty in New York, Santos in Brazil and Nhava Sheva in India. By joining forces with a partner with strong infrastructure expertise, we strengthen our ability to invest further in our port terminals, secure access to key gateways and enhance service quality for our customers,” Rodolphe Saadé, CMA CGM Group Chairman and CEO.