Archives



Freight News, Sea, Business


CMA CGM takes 10% stake in CSP Zeebrugge Terminal

[ August 1, 2018   //   ]

CMA CGM has acquired  from China Shipping Ports Development Co. Limited a 10% equity interest in CSP Zeebrugge Terminal NV through its wholly-owned subsidiary CMA Terminals.

CMA CGM is currently the major client of CSP Zeebrugge and accounted for one third of the total throughput of the terminal in 2017. The strategic partnership between CMA CGM and COSCO SHIPPING Ports should foster the development of CSP Zeebrugge into a major hub port in Northwest Europe.

COSCO SHIPPING Ports completed the acquisition of the remaining 76% equity interest in CSP Zeebrugge terminal in November 2017 and made it a wholly-owned subsidiary.

The Port of Zeebrugge enjoys a strategic geographic position in Europe and is a transportation hub for traffic everywhere in the world. Moreover, Zeebrugge is easily connected to other European countries through a dense network of road and rail connections, offering the CMA CGM Group’s customers many opportunities.

Tags: ,