Port of L.A. loses CMA CGM to Long Beach

Ports

Thursday, December 13, 2012

CMA CGM's decision to purchase a stake in the Port of Long Beach's Pier J container terminal will increase port throughput by 2.6 million TEUs and increase revenues by about $70 million during the next five years, the port authority said Wednesday. The Port of Long Beach's gain comes at the expense of the Port of Los Angeles, where CMA CGM vessels have primarily called in Southern California. As reported Tuesday, CMA CGM invested in the joint venture, between glob...

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