CMA CGM, a major French shipping and logistics company, along with Stonepeak, an infrastructure investment firm, has officially completed the formation of United Ports LLC. This new joint venture is valued at $2.4 billion and combines several important container terminals in the United States, Europe, Asia, and South America.
The agreement, which was first announced in January, is now finalized after receiving all necessary regulatory approvals. Stonepeak has taken a 25% ownership in the new company for $2.4 billion, while CMA CGM holds a 75% stake and remains in complete operational control.
United Ports will initially include nine terminals operated by CMA CGM across five countries. These terminals are Fenix Marine Services in Los Angeles, Port Liberty terminals in New York and Bayonne, Santos in Brazil, CSP Valencia, Bilbao, and TTI Algeciras in Spain, as well as Kaohsiung Terminal in Taiwan and Gemalink in Vietnam. CMA CGM plans to include its stake in India’s Nhava Sheva Freeport Terminal once it receives the final regulatory approvals.
The joint venture aims to serve as a long-term investment platform focused on enhancing port capacity and modernizing terminal infrastructure. Future investments will target improved cargo-handling equipment, enhanced rail and inland logistics, and projects for electrification and shore power to reduce emissions at ports.
Additionally, Stonepeak has pledged up to $3.6 billion for future port infrastructure investments alongside CMA CGM through this new company.
CMA CGM commented that this deal represents a significant step forward in their strategy for developing port infrastructure. They believe it will expedite investments in new port capacities and enhance logistics services for their customers.
This announcement comes as CMA CGM reported strong financial results for the second quarter, with revenues increasing 19.2% year-over-year to $15.7 billion and EBITDA rising 31% to $3.0 billion. They noted a 6% growth in shipping volumes despite ongoing disruptions related to geopolitical tensions in the Middle East, which have led to higher insurance costs and required adjustments in their shipping networks.
CMA CGM continues to develop alternative multimodal corridors for Gulf countries while also expanding its global terminal network and logistics operations. During this past quarter, the company began the second phase of the Gemalink terminal expansion in Vietnam and established a strategic partnership for infrastructure development in Kenya.
Based in Marseille, CMA CGM is now the third-largest container carrier in the world, operating a fleet of over 700 vessels and handling more than 24 million TEUs in 2025. With its growing network of terminals and logistics facilities, CMA CGM is heavily investing in port infrastructure as part of a broader strategy to integrate shipping, terminal operations, logistics, and air cargo into a unified global transportation network.