CMA CGM to acquire 48% stake in Santos Brasil
NewsCMA CGM has signed an agreement to acquire a 48% stake in Santos Brasil, a multi-terminal operator managing key assets across Brazil’s ports.
In a move described by executives at CMA CGM as reflecting “market trend developments in West Africa”, the French carrier is to reshape its Asia/ West Africa liner network. The changes will become effective in early March, and they are expected to result in CMA CGM carrying more cargo on direct call services, rather than those using relay centres in the Mediterranean basin. This is despite the line cutting the number of service strings available from five a week to four.
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