CMA CGM is set to massively expand its footprint in the Los Angeles-Long Beach port complex, agreeing to acquire LA terminal operator Fenix Marine Services.
The carrier group already holds a 10% stake in the box facility and will become the sole owner when it buys the 90% owned by private equity fund EQT Infrastructure III for $2.3bn.
According to CMA CGM, the terminal is the third-largest in the LA-LB gateway complex, …

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Source: The Loadstar