CMA CGM has signed an agreement to acquire a 90 percent stake in the Fenix Marine Services (FMS) container terminal in Los Angeles, USA.

CMA-CGM-Port

CMA CGM currently holds a 10 percent stake in the terminal and it will become sole owner of the FMS facility upon closure of the transaction with EQT Infrastructure III. FMS has a capacity of 2.5 million teu and is the third-largest terminal in the Los Angeles/Long Beach port area.

As part of its plan, CMA CGM said it would invest at the terminal to extend the container yard, expand railway capacity, construct a new berth, and accelerate its digitalisation efforts. 

cmacgm-group.com

 

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