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.
CMA CGM Group and Infinity launch Penang-Padang Besar block train service
CMA CGM and Infinity Logistics and Transport Ltd launch new container rail service for South Thailand shippers and open a new on-dock container depot in Penang Port
The picture shows, L to R: Yang Berbahagia Dato’ Sasedharan Vasudevan, CEO, Penang Port Sdn. Bhd; Jean Vanmalle, General Director, CMA CGM Inland Services; Yang Amat Berhormat Chow Kon Yeow, Chief Minister of Penang; Yang Berhormat Lim Guan Eng, Member of Parliament, Bagan; Dato’ Seri Chan Kong Yew, Managing Director, Infinity Logistics and Transport Ventures Limited; and Ravindra Sahu, Managing Director, CMA CGM in Malaysia.
Up to 100 containers a week will be carried by rail for customers in southern Thailand who ship their cargo through the Penang Port. The depot has a monthly operating capacity of 7,500 TEU including non-hazardous liquid cargoes in tanktainers and, most likely for the edible oils exported from the region, dry boxes with flexitanks.
Laden containers are trucked to Padang Besar, a Malaysian town on the border with the Songkhla province of Thailand. They will then set off for Penang Port to be loaded on the CMS2 and KCM2 services provided by CNC, CMA CGM Group’s Intra-Asia specialist.
From Penang, the two weekly services will head for Malaysia’s top export destinations in Asia including Singapore, Hong Kong, Shanghai, Qingdao, and Busan.
This new facility in Penang is CMA CGM’s third depot in Malaysia, joining those in West Port and North Port in Port Klang.
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