What makes CMA CGM pay close to triple price for a port it sold only four years ago?

The container lines' pursuit of port and logistics assets reached a new high on Wednesday this week when CMA CGM paid up to three times the price for a port it sold in 2017. There are several reasons for this, and there are likely more deals in store at elevated prices, says analyst.

Photo: PR / CMA CGM

Only four years after selling Fenix Marine Services to the capital fund EQT for USD 820 million, CMA CGM has put a billion dollar offer on the table to buy the American terminal back.

The deal has a contract value of as much as USD 2.3 billion, it was made clear Wednesday. If you ask shipping analyst Lars Jensen, who is CEO of Vespucci Maritime, there are several reasons why CMA CGM wants the remaining 90 percent of the shares back. The company already owned 10 percent of the terminal.

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