CMA CGM in Tianjin development

CMA CGM subsidiary Terminal Link is to undertake a 50-year joint venture with Tianjin Port Development Holdings (TPDH) and Grand Asia International Shipping to manage a new container terminal at the port of Tianjin. The three-berth facility will be situated in Binhai New Area. Projected investment is $215m, of which TPDH will supply 60%.