Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

CMA CGM turns down Indonesian box project

Jakarta: The government is looking for a fresh investor at its long awaited container terminal project in Batu Ampar, Batam after France's CMA CGM pulled out of the running. CMA CGM, the world's third largest shipping company, quit after the government rejected its request for a longer concession from 20 to 50 years. The cost of the terminal is slated to be USS$400m with a 70,000 teu annual capacity. CMA CGM has said it will invest in Malaysia instead.  [16/01/07]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish