New terminal for Xiamen

The port of Xiamen ranks 22nd in Container Management’s World Top Container Ports ranking with more than 4m teu handled in 2006.

According Jacques Saade, founder and president of CMA CGM, “The new terminal will become a transhipment hub for the Group in South China.” The Group also wishes to invest in the ports of Tianjin and Shanghai/Yangshan.

This will be CMA CGM’s first port investment project in China, although it has previously invested in China, where it acquired an 8% share in “China Rail Intermodal” in 2006, a project costing more than US$1.6billion to conceive, build and manage a network of 18 railway container stations, covering the entire Chinese territory.