Finance
Shipping Group Cma Cgm to Form Port Joint Venture With Stonepeak
Published by Global Banking & Finance Review®
Posted on January 28, 2026
2 min readLast updated: January 28, 2026
Add as preferred source on GoogleQuick Summary
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.
Shipping group CMA CGM to form port joint venture with Stonepeak
CMA CGM and Stonepeak's Joint Venture Overview
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.
Investment Details
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.
Strategic Importance
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.
Future Plans
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)
Key Takeaways
- •CMA CGM and Stonepeak form a $10 billion joint venture.
- •The venture focuses on US port terminal investments.
- •Stonepeak acquires a 25% stake with a $2.4 billion investment.
- •CMA CGM to reinvest proceeds into core business growth.
- •Potential future funding of $3.6 billion from Stonepeak.
Frequently Asked Questions about Shipping group CMA CGM to form port joint venture with Stonepeak
1What is a joint venture?
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.
2What is an investment?
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.
3What is the transportation sector?
The transportation sector encompasses industries that provide services for moving people and goods. This includes shipping, logistics, railways, and air transport.
4What is strategic importance in business?
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.
5What are future plans in business?
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.
