French ocean carrier CMA CGM has agreed to sell a 49 percent stake in its Terminal Link ports unit to China Merchants Hol
02 Jan 2013
China Merchants will acquire a 23.5 percent stake in Port de Djibouti SA for $185 million.
21 Nov 2012
CMA CGM is on the verge of a hard-fought agreement with its banks to restructure $4.6 billion of loans, ending months of uncertainty over the future of the world’s third-largest ocean carrier.