CMA CGM secures fresh capital for port expansion from Stonepeak
Key Takeaways
- •Stonepeak has invested $2.4 billion for a 25% stake in United Ports, while CMA CGM retains 75% ownership and operational control.
- •United Ports includes nine container terminals across five countries, including assets in Los Angeles, New York, Bayonne, Valencia, Bilbao, Algeciras, Brazil, Taiwan and Vietnam.
- •CMA CGM’s stake in India’s Nhava Sheva Freeport Terminal is expected to join the joint venture after regulatory approval is obtained.
- •The joint venture will finance capacity expansions, cargo-handling equipment, rail links, inland connections, electrification and shore-power infrastructure.
- •Stonepeak may add another $3.6 billion to new port investments with CMA CGM, bringing its potential total commitment to $6 billion.
CMA CGM and infrastructure investor Stonepeak have completed the formation of United Ports, a joint venture that holds nine container terminals across five countries.
Stonepeak has invested $2.4bn for a 25% stake in the business, while CMA CGM retains 75% ownership and full operational control.
The initial portfolio includes Fenix Marine Services in Los Angeles; Port Liberty terminals in New York and Bayonne; Santos Brasil; CSP Valencia; CSP Bilbao; TTI Algeciras; Kaohsiung Terminal; and Gemalink in Vietnam.
CMA CGM’s stake in India’s Nhava Sheva Freeport Terminal is expected to be added once the required regulatory approvals are secured.
The joint venture will fund terminal capacity expansions, cargo-handling equipment, rail and inland connections, electrification and shore-power infrastructure across the portfolio, reflecting the growing role of port assets in supporting both shipping operations and lower-emissions logistics upgrades.
Stonepeak may commit a further $3.6bn to new port investments alongside CMA CGM, taking its potential contribution to $6bn.
For CMA CGM, the transaction adds capital to expand its terminal footprint while keeping control of strategically important gateways serving its shipping network, a structure that aligns with how major carriers have been using partnerships to finance infrastructure without giving up operational influence.