CMA CGM Group to Operate Miami Terminal in Joint Venture with APM Terminals
CMA CGM Group, through its subsidiary Terminal Link (Miami) LLC, and APM Terminals North
America are pleased to announce that the Miami-Dade Board of County Commissioners unanimously
approved a resolution authorizing a joint venture for marine terminal operations at the Port of Miami.
Terminal Link serves as the signatory of the 15-year agreement with Miami-Dade County and the
terminal will be operated by a joint venture company, South Florida Container Terminal, in which
Terminal Link will hold a 51 percent stake and APMT will hold 49 percent. The terminal will operate on
the 71 acre site formerly held by APMT and is renewable for two five-year periods.
“As of today, CMA CGM Group has invested in 24 container terminals worldwide, of which 3 are in the
US, as part of its continued strategy aiming at securing berthing space for its vessels, and ensuring the
speed and efficiency of its shipping operation. Miami is an integral part of our network and this
endeavour continues to confirm our commitment to the US,” said Farid T. Salem, CMA CGM Group
Chief Executive Vice President.
The agreement authorizes the terminal to operate as a “Common User Terminal” and offer services to
all shipping lines. Historically, there has only been one common user terminal in Miami. Initially, the
South Florida Container Terminal will service CMA CGM, which currently has five liner services calling
at Miami, and Maersk Line, whose services account for the second highest throughput of all cargo
carriers at the port.
“APM Terminals continues to view Miami as a strategic fit into our North America and global terminal
networks,” said Eric Sisco, President of APM Terminals North America.
“We are pleased to expand our
relationship with Terminal Link and CMA CGM in this joint venture which we believe offers the right
foundation for continued growth of the Port of Miami.”
The terminal includes a 5000-foot quay (of which, 2000 feet are offered for priority berthing to the JV), 8
gantry cranes (of which 4 are allocated for priority use by the JV), and a 40-foot draft to be deepened to
50 feet by 2015. The approved agreement also represents a minimum total investment of 25 million
USD toward terminal infrastructure upgrades and improvements.
About CMA CGM
Led by its founder Jacques R. Saadé, CMA CGM is currently the world’s third largest container shipping Group and is ranked number one in France. Operating a fleet of 377 vessels, including 101 company-owned, the Group serves 400 ports around the world. In 2007, it carried more than seven million TEUs (twenty-foot equivalent units). With a presence on all continents and in 150 countries through its network of 600 agencies, the Group employs 16,000 people worldwide, including 4,200 in France.Press Contact: media@cma-cgm.com
About APM Terminals
APM Terminals, with corporate headquarters in The Hague, Netherlands, is one of the world’s leading global container terminal owners and
operators, with a Global Terminal Network of more than 50 terminals in 35 countries and five continents, serving more than 60 container
shipping lines around the world.
APM Terminals North America is the largest terminal operating company in the United States and has more than 30 years’ experience in
providing shipping lines with effective, efficient operation and management of container terminals, as well as stevedoring services and
terminal design and development. www.apmterminals.com
Contact: Allison Enedy, APM Terminals North America, 757-686-6007,
allison.enedy@apmterminals.com