CMA CGM acquires stake in Cosco’s Zeebrugge facility

CMA CGM has acquired a 10% stake in Cosco Shipping Ports’ CSP Zeebrugge Terminal through its subsidiary, CMA Terminal.

CMA CGM is CSP Zeebrugge’s main customer, accounting for one-third of facility’s throughput in 2017.

Zhang Wei, vice chairman and managing director of Cosco Shipping Ports, said: “The 10% investment by CMA CGM in CSP Zeebrugge enables the terminal to further secure the volume from CMA CGM and Ocean Alliance, and enhance its operational efficiency. The strategic partnership sets a successful example for the future cooperation among members of shipping alliances and terminals.”