CMA CGM Buys Los Angeles Container Terminal Operator

CMA CGM Buys Los Angeles Container Terminal Operator

November 3,2021 — MaritimeExecutive.com

Bolstered by record profitability from the surge in container shipping, the major carriers are deploying the free cash flow being generated to move forward aggressively with their long-term business plans. In the latest move, French shipping major CMA CGM Group announced it was reacquiring a terminal operator in Los Angeles that the shipping company sold four years ago to pay down debt.

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