CMA CGM, A.P. Moller in terminal deal

CMA CGM, A.P. Moller in terminal deal    CMA CGM and the APM Terminals arm of AP Moller – Maersk have signed an agreement that will affect ownership of terminals in Dunkirk, France, and Mobile, Ala.
   In Mobile, APM Terminals increased its shares in Mobile Container Terminal LLC (MCT) from 80 percent to 100 percent through the acquisition of CMA CGM’s Terminal Link subsidiaries 20 percent.
   MCT, operated and managed by APM Terminals, has a capacity of 350,000 TEUs and will be developed in phases to a full build out capacity of 800,000 TEUs annually.
   Services calling Mobile are CMA CGM's Pacific Express 3 (PEX3), ZIM’s Gulf Express and Maersk Line's TA2 Service and Expresso Service.
   In Dunkirk, Terminal Link, CMA CGM's subsidiary dedicated to container terminal investment, has increased its stake in Nord France Terminal International o.u. (NFTI) from 30 percent to 91 percent through the acquisition of APM Terminals' 61 percent share. The other 9 percent is owned by the Port Authority of Dunkirk.
   NFTI operates a container terminal with super-post-Panamax gantry cranes providing its customers with direct road, rail and barge access to Northern France, the Paris region and Central Europe.
   CMA CGM is the main customer of NFTI, operating four regular services to Dunkirk: the North Europe French West Indies (NEFWI), the French Asia Line 3 (FAL3), the Panama Direct (PAD service) and Europe/Morocco.