CMA CGM, CMHI Enter into Strategic Partnership

CMA CGM and China Merchants Holdings (International) Company Limited (“CMHI”) announced that on 25th January 2013, they signed the Share Purchase Agreement regarding the sale of 49% equity interest in Terminal Link for € 400 million. Following some pre-closing reorganization, the transaction is expected to complete within the first half of 2013, subject to receipt of certain relevant external regulatory approvals.

This significant transaction is the initial cornerstone of a mutually, highly beneficial strategic partnership between CMA CGM and CMHI in operating and developing container terminals on a global basis and extending their relationships as business partners while capitalizing on favorable global macro trends.

Terminal Link, 100% subsidiary of the CMA CGM Group based in Marseilles, France, operates, develops and invests in a global network of 15 terminals located on the world’s key international shipping routes. Supported by state-of-the-art infrastructure and equipment and expert management teams, it provides best-in-class quality services in stevedoring, storage and other container-handling activities to the world’s largest shipping lines calling at its terminals. Terminal Link ranks #12 worldwide based on throughput handled with a volume of 8.1m TEUs handled in 2011.

CMA CGM, the world’s third largest container shipping company, has been pioneering container shipping industry growth on the Asia – Europe and Mediterranean Basin trading routes. In the continuity of the successful partnerships created with world-class terminal operators through shared control of terminal assets, this important operation constitutes a unique opportunity to accelerate its development into and strengthen exposure to emerging markets-driven trade flows, and in particular inbound and outbound China container traffic.

CMHI, the largest public port operator in China, invests in and operates port business from a portfolio located primarily in 8 major cities along China Mainland’s 5 most economically-active regions (viz Shenzhen, Hong Kong, Shanghai, Ningbo, Qingdao, Tianjin, Xiamen and Zhanjiang). Added to its port portfolio, in recent years, are assets in Colombo of Sri Lanka and in Africa. Total container volume handled by its port portfolio exceeds 60 million TEUs in 2012. In this respect, investing in Terminal Link does not only represent a significant step for CMHI towards further internationalizing its ports business, but also help to deepen the already mutually beneficially working relationship with a leading global container shipping group.

CMA CGM Chairman and Chief Executive Officer, Mr. Jacques R. Saadé commented: “CMA CGM is very confident about this partnership with CMHI, which represents a unique opportunity to accelerate the Group development into terminals investments internationally. Since the beginning of CMA CGM presence in China, 21 years ago, the Group has always appreciated to work with Chinese Groups and this strong alliance confirms CMA CGM willingness to pursue. The complementarity of CMA CGM and CMHI offers could allow both of us to develop international businesses.”

CMHI Chairman, Dr. Fu Yuning, emphasized: “The transaction is consistent with CMHI’s strategy and marks a significant step towards expanding our international footprint. Terminal Link’s strategic relationship with CMA CGM will help to ensure the long-term sustainability of its operations. Besides, Terminal Link’s exposure to terminals in emerging markets and its potential pipeline of new projects present another driver for its volume growth and financial returns in the future. On the other hand, CMHI’s existing network of terminal operations in China and globally and the cargo flow business thereby captured will potentially complement and supplement the services offered by Terminal Link, thereby creating synergised benefits mutual to not only both parties but also the respective shipping customers of CMHI and of Terminal Link.” He adds, “In addition, the transaction reflects the closer working relationship we are forging with CMA CGM.”

CMA CGM, January 28, 2013

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2017 >>
MTWTFSS
27 28 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Breakbulk Europe 2017

For more than a decade, Breakbulk Europe has served as the networking hub for industry professionals who do business in Europe — or would like to! Exhibitors and sponsors include cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers, equipment companies and more that are involved in this specialized industry.

In addition to exceptional networking opportunities, Breakbulk Europe provides a dynamic conference, along with a range of educational and training workshops — intensive all-day classes held the day before the exhibition opens as well as many on-the-floor sessions.

  • Over 7,600 participants attended Breakbulk Europe 2016
  • Meet with over 400 exhibitors and sponsors
  • Hear from industry experts, including leading shippers, during the conference sessions
  • Learn new skills in the educational workshops held before the exhibition and on-the-floor micro-seminars and exhibitor-led sessions during the event

More info

read more >

Ferries Asia Summit

Propelling Regional Waterway Connectivity & Fleet-wide Operational Excellence

Ferry travel is in the limelight. The potential for driving tourism growth is immense – and for archipelago nations battling with urban congestion, ferry services pose a clean, efficient alternative in everyday public transport. But high-profile ferry accidents have brought ever greater attention to safety regulations for Asia’s maritime travel industry.

Amid these circumstances, how can vessel operators cope with ever-tightening safety requirements, while making the right decisions at the right time to capture rising demand? What are the smartest ways to improve service reliability and fleet quality, that maximize operating and capital spend? What are the industry’s best-practices for sustainable growth, and how can they be achieved?

Play your part! Join us at the Ferries Asia Summit 2017 to push forward the regional debate on making Asia’s ferry industry more progressive, safe, and commercially sustainable. Bringing together fast-ferry, RO-RO and ROPAX vessel owners along with international and domestic maritime regulators, classification agencies, shipbuilders and naval architects, this event connects the entire value chain for a meaningful holistic debate on ferry operations excellence in Asia.

WHAT’S ON THE AGENDA THIS YEAR?

Comprehensive debates on addressing the complexity of ferry safety in Asia: Is vessel age truly the greatest concern? How significant are other factors, and how can they be addressed?

Pathways to change through greater public-private collaboration

Contrasting viewpoints on the most effective ways to enhance operational stability & passenger management

Cost-efficient O&M strategies to extend vessel life & tips for stakeholder management to avoid purchasing mistakes

Integrating ferry business with tourism opportunities through strategic partnerships

Exciting formats including speed networking, panel discussions & a high-intensity fast-pitch ‘Shark Tank’!

For more information, click here to download the brochure.
If you would like to attend the event, register here before 3rd February to save USD 400.
Alternatively, email us at enquiry@iqpc.com.sg 
for any enquiries regarding the event.

More info

read more >

INMEX Vietnam 2017

The event is an exceptional meeting point for the global maritime community in Vietnam, a region where the industry remains buoyant and strong…

read more >

Singapore Maritime Week 2017

Singapore Maritime Week (SMW) is the leading maritime event in Singapore. Driven by the Maritime and Port Authority of Singapore (MPA), SMW…

read more >