CMA CGM and Stonepeak Launch $2.4 Billion Joint Venture Including Nhava Sheva Free Port Terminal
Global shipping and logistics major CMA CGM Group and U.S.-based infrastructure investment firm Stonepeak have announced the creation of a new joint venture, United Ports LLC, backed by a $2.4 billion investment. Under the arrangement, Stonepeak will take a 25 per cent minority stake in the venture, while CMA CGM will retain 75 per cent ownership and full operational control across the assets.
United Ports LLC will initially encompass 10 major port terminals operated by CMA CGM in strategic global locations, spanning North America, South America, Europe, Asia and the Middle East. Key facilities in the portfolio include major gateways such as Fenix Marine Services in Los Angeles, Port Liberty terminals in New York and Bayonne, terminals in Santos (Brazil), CSP Valencia and CSP Bilbao (Spain), Terminal Marítima del Guadalquivir (Spain), TTI Algeciras (Spain), CMA CGM Kaohsiung Terminal (Taiwan), Gemalink in Cai Mep (Vietnam) and Nhava Sheva Free Port Terminal in India.
The Nhava Sheva Free Port Terminal Pvt Ltd is a joint venture between J M Baxi Ports & Logistics Ltd and CMA Terminals Holding that operates a 1.8 million TEU capacity container terminal at Jawaharlal Nehru Port (JNP) near Mumbai. It is the only facility among the five container terminals at JNP that has the freedom to set market-determined rates, giving it a competitive positioning in India’s largest container gateway. The terminal was acquired on a 30-year concession and has seen significant investment toward modernization and freight handling capacity expansion.
The joint venture represents a strategic partnership aimed at pooling capital and infrastructure expertise to better invest in and manage container terminal assets critical to global trade flows. Beyond the initial $2.4 billion injection, Stonepeak has the opportunity to contribute an additional $3.6 billion toward future terminal projects, enhancing growth potential across the portfolio.
According to CMA CGM leadership, the consortium will leverage combined operational capabilities to secure access to key maritime gateways, enhance service quality, and expand terminal infrastructure capacity to meet growing global shipping demand. The transaction is expected to be completed in the second half of 2026, subject to customary regulatory and antitrust approvals, including security clearances related to facilities such as the Nhava Sheva Free Port Terminal.
Global shipping and logistics major CMA CGM Group and U.S.-based infrastructure investment firm Stonepeak have announced the creation of a new joint venture, United Ports LLC, backed by a $2.4 billion investment. Under the arrangement, Stonepeak will take a 25 per cent minority stake in the venture, while CMA CGM will retain 75 per cent ownership and full operational control across the assets.
United Ports LLC will initially encompass 10 major port terminals operated by CMA CGM in strategic global locations, spanning North America, South America, Europe, Asia and the Middle East. Key facilities in the portfolio include major gateways such as Fenix Marine Services in Los Angeles, Port Liberty terminals in New York and Bayonne, terminals in Santos (Brazil), CSP Valencia and CSP Bilbao (Spain), Terminal Marítima del Guadalquivir (Spain), TTI Algeciras (Spain), CMA CGM Kaohsiung Terminal (Taiwan), Gemalink in Cai Mep (Vietnam) and Nhava Sheva Free Port Terminal in India.
The Nhava Sheva Free Port Terminal Pvt Ltd is a joint venture between J M Baxi Ports & Logistics Ltd and CMA Terminals Holding that operates a 1.8 million TEU capacity container terminal at Jawaharlal Nehru Port (JNP) near Mumbai. It is the only facility among the five container terminals at JNP that has the freedom to set market-determined rates, giving it a competitive positioning in India’s largest container gateway. The terminal was acquired on a 30-year concession and has seen significant investment toward modernization and freight handling capacity expansion.
The joint venture represents a strategic partnership aimed at pooling capital and infrastructure expertise to better invest in and manage container terminal assets critical to global trade flows. Beyond the initial $2.4 billion injection, Stonepeak has the opportunity to contribute an additional $3.6 billion toward future terminal projects, enhancing growth potential across the portfolio.
According to CMA CGM leadership, the consortium will leverage combined operational capabilities to secure access to key maritime gateways, enhance service quality, and expand terminal infrastructure capacity to meet growing global shipping demand. The transaction is expected to be completed in the second half of 2026, subject to customary regulatory and antitrust approvals, including security clearances related to facilities such as the Nhava Sheva Free Port Terminal.
