Independent journal on economy and transport policy
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CMA CGM signs the binding agreement with COSCO Shipping Ports in order to acquire 10% of CSP Zeebrugge Terminal
The French group is the main customer of the Belgian terminal
July 20, 2018
The French shipowning group CMA CGM has signed a binding agreement with the COSCO Shipping Ports, the terminalista society of shipowning group Chinese COSCO Shipping, in order to acquire as expected through the society integrally controlled CMA Terminal - from the memorandum of understanding undersigned at the beginning of this year(on 23 January 2018) - 10% of the capital of the CSP Zeebrugge Terminal, the society of the Chinese company that manages the homonymous container terminal in the Belgian port of Zeebrugge of which CMA CGM it is the main customer (in 2017 has brought a third party of the traffic enlivened altogether from the terminal).
"The investment of CMA CGM in 10% of the CSP Zeebrugge - it has emphasized vice-president and managing director of the COSCO Shipping Ports, Zhang Wei - allows with the terminal to make sure ulteriorly the volume of traffic of CMA CGM and the Ocean Alliance and to improve own operating efficiency". Wei has remembered that "CSP Zeebrugge is the first terminal in the north-western Europe of which COSCO Shipping stops a participation of control".
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