CMA CGM sells ships and terminals for USD 2 billion

The French container line has made significant sale and leaseback deals in the container fleet, while it also places large parts of its port activities in a joint venture, in which China Merchant Port owns half.

Photo: CMA CGM - PR

The world's fourth-largest container shipping company, CMA CGM, has made or is close to making deals that mean assets totaling almost USD 2 billion will get new owners.

This is clear from the company's interim report, published Monday, which also shows a growth in revenue and a setback in the group's consolidated net profit.

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