CMA CGM has boosted its presence in Spain, announcing that it will acquire stakes of 49% in COSCO Shipping Ports (CSP) Valencia and 38% in CSP Bilbao from TPIH Iberia.
With the investments in the terminals located in Valencia and Bilbao, the group will have a capacity of almost 10.7m teu at its terminal operations across the Mediterranean.
CSP Bilboa has a capacity of 950,000 teu, encompassing over 100 acres with over 3,700 ft of quay at a depth of nearly 69 ft, with seven ship-to-shore (STS) cranes.
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