CMA CGM and CMHI complete Terminal Link sale

The acquisition will entitle CMHI to revenues from the large network of Terminal Link assets, including facilities in Belgium, France, Morocco, Malta, Ivory Coast, the US’ Houston and Miami facilities, South Korea, and the PRC.

The agreement was signed at a ceremony which included members from both companies, including CMA CGM executive officer Farid Salem, China Merchants Group vp Raymond Yu, CMHI deputy general manager & cfo Zhang Rizhong, CMHI Assistant General Manager Oliver Lam, CMHI Executive Director of International Development Jared H. Zerbe.

“CMA CGM is very pleased to enter a new strategic partnership with CMHI which will allow us to join our complementary forces to operate and further develop in Terminals investments” said Salem.

"Linkage through Terminal Link between CMA CGM and CMHI not only marks a deeper and closer co-operation from here on, but also rolls out a joint and co-ordinated approach …creating higher return on investment for our respective shareholders." added CMHI chairman Fu Yuning.