CMA CGM and Stonepeak have formed UNITED PORTS LLC, a joint venture managing nine terminals across five countries, enhancing global port operations.
CMA CGM and Stonepeak have completed the formation of UNITED PORTS LLC, a joint venture holding nine CMA CGM-operated port terminals across five countries, as reported in the press release.
Stonepeak has invested US$2.4 billion to acquire a 25 percent stake in the new company, while CMA CGM retains 75 percent ownership and full operational control. This deal follows regulatory approval of an agreement announced in January 2026.
UNITED PORTS LLC includes terminals in the United States, Brazil, Spain, Taiwan, and Vietnam, such as Fenix Marine Services in Los Angeles, Port Liberty in New York, and Bayonne, Santos, CSP Valencia, Bilbao, TTI Algeciras, Kaohsiung Terminal, and Gemalink. CMA CGM's stake in Nhava Sheva Freeport Terminal may be added once approvals are secured.
The partners plan to expand port capacity, acquire new cargo-handling equipment, improve rail and inland transport links, and deploy electrification and shore power facilities to support decarbonization. Stonepeak may invest up to an additional $3.6 billion in high-growth port assets through the venture.
CMA CGM stated that the transaction marks a milestone in its port infrastructure strategy, boosting capacity and strengthening logistics services for customers.