France-based shipping group CMA CGM has announced the acquisition of 10 per cent equity interest in CSP Zeebrugge Terminal NV from China Shipping Ports Development, a wholly-owned subsidiary of Cosco Group, through its wholly-owned subsidiary CMA Terminals.
CMA CGM is currently the major client of CSP Zeebrugge and accounted for one-third of the total throughput of the terminal in 2017.
The strategic partnership between CMA CGM and Cosco Shipping Ports is designed to foster the development of CSP Zeebrugge into a major hub port in Northwest Europe.
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