CMA CGM to build terminal in Tianjin

The new terminal, which is expected to become operational in 2011, will feature a 1,100 m quay and will have an annual capacity of 1.7m teu. It will be operated by a joint venture consisting of CMA CGM (with a 20% stake), Tianjin Port Holding Co., a Tianjin Port Group subsidiary listed on the Shanghai Stock Exchange (60%), and Hong Kong-based Asia International Shipping Ltd. (20%).


The terminal will be built in the Binhai industrial zone of Tianjin, which is located 150 km from Beijing and is an important maritime link to the Chinese capital. The port ranks 16th in the world in terms of container traffic, with more than 7.1m teu handled in 2007, an increase of 19% over 2006. Volumes grew 22% in the first five months of 2008. 

Ten years after its first call in Tianjin, CMA CGM has become one of the port’s leading operators for international traffic, with a volume of 400,000 teu in 2007, a 33% jump over 2006. 



“With this new investment, CMA CGM has secured a strategic base in Tianjin, which is the port offering the best prospects of growth in North China. This will further improve the quality of service offered to our vessels, and therefore to our customers,” said Farid Salem, CMA CGM group chief executive vice-president.