French shipping giant CMA CGM continues to expand in the intermodal market with the acquisition of a 20% stake in the EUROGATE Container Terminal Hamburg (CTH). The facility can currently handle four million TEUs every year, with the ambition of increasing capacity to six million TEUs with the Western Expansion.
Over the past few years, CMA CGM has strengthened its position as a vertically integrated logistics company. In 2019, the company bought a majority stake in CEVA Logistics. Three years later, it acquired automotive logistics specialist GEFCO. More recent moves include the purchase of Freightliner UK, finalised a couple months ago.
The European Silk Road Summit
The rise of vertical integrated logistics companies will be one of the focus points of the upcoming European Silk Road Summit, taking place on 19 and 20 November in Milan, Italy. There, we will analyse how big shipping lines such as MSC, Maersk, COSCO and indeed CMA CGM have undertaken a new approach and took over operations along the whole supply chain.
The event will also be the only chance to get your hands on the very first edition of the RF Magazine, RailFreight.com’s newest printed product. Check out the programme of the European Silk Road Summit here and get your ticket here.