Independent journal on economy and transport policy
17:07 GMT+2
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CMA CGM takes over the direct management of the container terminal at Pier 300 of the Port of Los Angeles
Agreement to buy 90% of the capital of Fenix Marine Services
November 3, 2021
Justifying the decision to proceed with the acquisition of the entire control of FMS, the chairman and ceo of CMA CGM, Rodolphe Saadé, noted that "the rapid recovery of the world economy has highlighted the importance of ports and logistics infrastructure. To manage the mode efficient our port operations on the west coast of the United States - explained Saadé - we decided to acquire Fenix Marine Services. Fenix Marine Services - underlined - it is one of the largest terminals of this nation and one of its most strategic gateways. It is a key industrial structure that will strengthen in a significant our position and will support our rapid growth in this market».
FMS container terminal has a traffic capacity annual amounting to about 2.5 million teu and the port infrastructure is managed under a concession contract that will expire in 2043. The landing is equipped with 16 quay cranes, of which eight capable of operating on high-quality carriers capacity. FMS has over 145 employees.
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