Finance
Shipping group CMA CGM to form port joint venture with Stonepeak
Published by Global Banking and Finance Review
Posted on January 28, 2026
2 min readLast updated: January 28, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 28, 2026
2 min readLast updated: January 28, 2026
CMA CGM and Stonepeak form a $10 billion joint venture to invest in US port terminals, with Stonepeak acquiring a 25% stake and CMA CGM reinvesting proceeds.
Jan 28 (Reuters) - French shipping group CMA CGM and U.S. investment firm Stonepeak have agreed to create a joint venture valued at nearly $10 billion to operate and invest in port terminals, including in the United States, the companies said on Wednesday.
CMA CGM, the world's third-largest container shipping group, last year announced plans to invest $20 billion in the United States, winning plaudits from President Donald Trump who has made reviving the U.S. shipping sector a policy priority.
Under the terminal joint venture, Stonepeak will invest $2.4 billion to acquire a 25% minority stake, while CMA CGM will fold in 10 terminals it already controls, including in New York and Los Angeles, the firms said in a statement.
Stonepeak will potentially provide a further $3.6 billion in funding for future joint terminal projects. CMA CGM, meanwhile, will use the $2.4 billion in proceeds from the transaction to invest in growth of its core businesses, according to the statement.
"The creation of United Ports LLC, our joint venture with Stonepeak, marks an important step in the development of our terminal activities in the United States and globally,” Rodolphe Saade, Chairman and CEO of CMA CGM, said in the statement.
Like their shipping rivals, CMA CGM has invested heavily in port terminals to reinforce its access to key routes and to be less reliant on volatile earnings from ocean transport.
The group, privately controlled by the Saade family, has expressed interest in acquiring some of CK Hutchison's ports. The Hong Kong conglomerate has proposed to sell ports, against a backdrop of tensions between Washington and Beijing for control of trade routes, including the Panama Canal.
(Reporting by Gus Trompiz in Paris and Anusha Shah in Bengaluru; Editing by Shailesh Kuber, Kirsten Donovan)
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity while maintaining their separate legal identities.
An investment is an asset or item acquired with the goal of generating income or appreciation. It can include stocks, bonds, real estate, or other financial instruments.
The transportation sector encompasses industries that provide services for moving people and goods. This includes shipping, logistics, railways, and air transport.
Strategic importance refers to the significance of a business decision or action that can impact the long-term success and competitive advantage of a company.
Future plans in business outline the goals and strategies a company intends to pursue to achieve growth, expansion, or other objectives over a specified period.
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