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  • DynaLiners Daily - CMA CGM to sell terminal assets and more

    To brush up its heavily-indebted balance sheet, which comes from amongst others its recent acquisition of CEVA Logistics, CMA CGM may sell some of its terminal assets. China Merchants, 49% shareholder in Terminal Link, one of CMA CGM's terminal divisions, is said to be prepared to spend at least several hundreds of millions US dollars on buying additional properties. Probably for the same reason, the French carrier has signed a sale and leaseback agreement with CSSC (Hong Kong) Shipping for two 1,400 TEU dual fuel containerships, which were part of its takeover of Containerships.