CMA CGM and infrastructure investment firm Stonepeak have completed the formation of UNITED PORTS LLC, a joint venture that brings together a portfolio of major container terminals across five countries. The transaction follows all required regulatory approvals. As previously announced, Stonepeak has invested US$2.4 billion to acquire a 25% stake in the company, while CMA CGM retains 75% ownership and full operational control. UNITED PORTS initially includes nine CMA CGM-operated terminals in the United States, Brazil, Spain, Taiwan and Vietnam. The portfolio includes Fenix Marine Services in Los Angeles, Port Liberty in New York and Bayonne, Santos, CSP Valencia, Bilbao, TTI Algeciras, Kaohsiung Terminal and Gemalink. The partners also expect to add Nhava Sheva Freeport Terminal in India to the portfolio, subject to regulatory approval. CMA CGM and Stonepeak said the joint venture will accelerate investment in port infrastructure. Planned projects include terminal capacity expansions, new cargo-handling equipment, stronger rail and inland transport connections, and decarbonization initiatives such as equipment electrification and shore power facilities. Stonepeak may invest up to an additional US$3.6 billion alongside CMA CGM to support future investments in high-growth port assets through UNITED PORTS. According to CMA CGM, the joint venture represents another step in the Group’s strategy to expand its global port infrastructure network and strengthen its logistics offering. The post CMA CGM and Stonepeak complete UNITED PORTS joint venture appeared first on Container News .