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.
The Port of Duisburg, Europe’s biggest inland port, has reached another milestone with the opening of the first shipping line-owned terminal in the port. In response to growing congestion in the sea ports, CMA CGM and NYK have opened the D3T Duisburg Trimodal Terminal in the Logport logistic park in Duisburg Rheinhausen.
Gateway traffic moved via Duisburg to European hinterland destinations will account for a significant share of the throughput projected for D3T. Most of the two lines’ cargo was not shipped through the port in the past, so this is new business.
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This complete item is approximately 400 words in length, and appeared in the April 2008 issue of WorldCargo News, on page 22. To access this issue download the PDF here.
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