CMA CGM Takes 10% Stake in Port of Zeebrugge


COSCO Shipping Ports (CSP) has announced it has sold 10% of the Zeebrugge Terminal to French Shipping giant CMA CGM, claiming that the deal will help turn the terminal into a major northern European hub.

CMA CGM’s operations account for one-third of cargo transported through the Zeebrugge Terminal, which has been a wholly owned subsidiary of COSCO since November 2017, with 5% owned by the Zeebrugge Port Authority.

In a statement regarding the acquisition by CMA-CGM, Zhang Wei, Vice Chairman and Managing Director of COSCO Shipping Ports, said: “The 10% investment by CMA CGM in CSP Zeebrugge enables the Terminal to further secure the volume from CMA CGM and Ocean Alliance, and enhance its operational efficiency.

Read more about smart supply chains with a Port Technology technical paper

“The strategic partnership sets a success example for the future cooperation among members of shipping alliances and Terminals. CSP Zeebrugge is the first Terminal in Northwest Europe in which COSCO SHIPPING Ports holds a controlling stake, which is a part of our effort in globalization and building a global Terminal network with high efficient and cost-effective services to serve shipping companies.

“We will continue to strengthen the cooperation with members of Ocean Alliance and maximize the synergies among us.”   

Read more: 

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.