CMA CGM and Stonepeak launch $2.4 billion United Ports joint venture

French shipping group CMA CGM and infrastructure investor Stonepeak have completed the formation of United Ports LLC, a $2.4 billion joint venture that aggregates a portfolio of nine CMA CGM‑operated container terminals across the United States, Brazil, Spain, Taiwan and Vietnam. Stonepeak acquired a 25 % stake while CMA CGM retains 75 % ownership and full operational control.

The venture will finance terminal expansions, acquire new cargo‑handling equipment, improve rail and inland connections, and install decarbonisation infrastructure such as electrified equipment and shore‑power facilities. Stonepeak may invest an additional $3.6 billion to pursue further high‑growth port assets with CMA CGM. The partnership aims to accelerate modernisation of the terminals and enhance logistics services for customers worldwide.