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Indiaexportnews.com

CMA CGM and APM Terminals have signed new terminal agreements

  14.07.2010    

CMA CGM and APM Terminals have signed new terminal agreements to raise their respective stakes in container terminals in Dunkirk, on the English Channel and Mobile, Alabama, according to the Shipping Gazette. 
In the port of Dunkirk, Terminal Link, CMA CGM's subsidiary dedicated to container terminal investment, has increased its shares in Nord France Terminal International (NFTI) from 30 per cent to 91 per cent through the acquisition of APM Terminals' 61 per cent share. The other nine per cent remains owned by the Port Authority of Dunkirk.
NFTI operates a container terminal with modern super post panamax gantry cranes providing its customers with direct road, rail and barge access to Northern France, Paris and Central Europe. CMA CGM is today the main customer of NFTI operating four regular services to Dunkirk: the north Europe French West Indies (NEFWI), the French Asia Line 3 (FAL3), the Panama Direct (PAD service) and the Europe/Morocco service, a statement from the French shipping group said.
In addition, APM Terminals increased its shares in Mobile Container Terminal LLC (MCT) from 80 per cent to 100 per cent through the acquisition of Terminal Link's 20 per cent share.
MCT offers an option in the US Gulf for reaching Midwest markets, as well as Alabama and neighbouring states. MCT, operated and managed by APM Terminals, has a capacity of 350,000 TEU and will be developed in phases to a full build out capacity of 800,000 TEU annually.
Services calling Mobile are CMA CGM's Pacific Express 3 (PEX3), Zim's Gulf Express and Maersk Line's TA2 Service and Expresso Service. 


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