cma-cgm-red-sea-gateway-terminal

CMA CGM inks Saudi port deal

CMA CGM Group has signed an agreement with Red Sea Gateway Terminal (RSGT) to build and operate Terminal 4 at Jeddah Islamic Port in Saudi Arabia.   The JV will operate as a separate 2.6 million TEU container terminal adjacent to the existing RSGT terminals. It forms part of Saudi Arabia’s Vision 2030 plan to increase annual port handling capacity to 8.8 million TEU. [+]