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CMA CGM spins off ten terminals to joint venture

[ January 30, 2026   //   ]

CMA CGM Group has set up a joint venture with infrastructure company Stonepeak to launch United Ports to acquire ten of its major port terminals worldwide. The JV is backed by a $2.4 billion investment from Stonepeak for a 25% minority stake. It will bring together ten CMA CGM-operated terminals in six countries – Los Angeles Fenix Marine Services, Port Liberty terminals in New York and Bayonne, Santos terminals (Brazil), CSP Valencia and CSP Bilbao (Spain), Terminal Maritima del Guadalquivir (Spain), TTI Algeciras (Spain), Nhava Sheva Freeport Terminal (India), CMA CGM Kaohsiung Terminal (Taiwan) and Gemalink in Cai Mep (Vietnam).

CMA CGM will retain a 75% ownership stakes in United Ports and will have full operational control. CMA CGM plans to reinvest the $2.4 billion in proceeds from the transaction in its core businesses.

Stonepeak will have the opportunity to contribute an additional $3.6bn in funding for future joint terminal projects.

The transaction is expected to close in the second half of 2026, subject to customary regulatory approvals.

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