CMA CGM and Stonepeak have finalized the formation of UNITED PORTS LLC following a $2.4 billion investment for a 25% stake, while CMA CGM retains 75% ownership and full operational control. The joint venture unites nine major global port terminals to accelerate infrastructure modernization, capacity expansion, and maritime decarbonization initiatives.
New York and Los Angeles | July 28, 2026 – Global shipping and logistics powerhouse CMA CGM Group and premier infrastructure investment firm Stonepeak have officially announced the completion of UNITED PORTS LLC. Following the receipt of all mandatory regulatory clearances, the multibillion-dollar transaction establishes a elite global port terminal platform designed to supercharge terminal expansion, modal connectivity, and maritime decarbonization.
Under the terms of the agreement, originally struck in January 2026, Stonepeak has poured $2.4 billion into the venture to acquire a 25% equity stake. Meanwhile, Marseille-based CMA CGM retains the remaining 75% ownership stake alongside full operational control of the newly minted entity.
Furthermore, the partnership includes a massive growth runway: Stonepeak has the potential to invest up to an additional $3.6 billion over time to target subsequent high-growth port asset acquisitions alongside CMA CGM via UNITED PORTS LLC.
A Strategic Footprint Spanning Five Countries
UNITED PORTS LLC instantly positions itself as a heavyweight in global maritime logistics, anchoring an initial portfolio of nine major, high-throughput container terminals strategically distributed across the United States, Brazil, Spain, Taiwan, and Vietnam.
The initial network features critical gateways in major trade corridors:
- United States: Fenix Marine Services (Los Angeles) and Port Liberty (New York and Bayonne)
- South America: Santos (Brazil)
- Europe: CSP Valencia, Bilbao, and TTI Algeciras (Spain)
- Asia: Kaohsiung Terminal (Taiwan) and Gemalink (Vietnam)
This international portfolio is already slated for near-term expansion. Pending final regulatory nods, CMA CGM’s stake in India’s Nhava Sheva Freeport Terminal is expected to be integrated into the UNITED PORTS umbrella in the coming months.
Modernization, Capacity, and Decarbonization Mandate
Beyond realigning ownership structures, the joint venture serves as a heavy-duty capital expenditure vehicle. CMA CGM and Stonepeak have committed to aggressively fast-tracking the modernization and physical expansion of the portfolio terminals.
Core investment pillars for UNITED PORTS LLC include:
- Capacity Scalability: Direct funding for terminal yard expansions and berth depth enhancements to handle ultra-large container vessels (ULCVs).
- Next-Gen Equipment: Procurement of cutting-edge, high-efficiency cargo-handling machinery.
- Intermodal Integration: Strengthening the digital and physical logistics connectivity linking the terminals directly to heavy-haul rail and inland transport networks.
- Green Transition & Shore Power: Heavy backing for infrastructure dedicated to cutting port emissions. This includes terminal equipment electrification and expansive shore power (cold-ironing) facilities to allow docked vessels to cut auxiliary engine emissions, directly supporting CMA CGM’s corporate mandate to achieve Net Zero Carbon by 2050.
Industry Backdrop and Strong Financial Momentum
The closure of the UNITED PORTS transaction arrives on the heels of robust financial performance from the CMA CGM Group. Benefiting from resilient shipping volumes, which climbed roughly 6% globally despite persistent geopolitical friction and security rerouting around the Middle East, the carrier continues to reinvest heavily into its end-to-end integrated logistics strategy.
By pooling top-tier terminal assets into UNITED PORTS LLC, CMA CGM successfully unlocks capital to fund broader enterprise goals while locking in a long-term, specialized infrastructure partner in Stonepeak. For Stonepeak, the venture adds a premier collection of defensive, cash-generating hard assets to its $88 billion global infrastructure portfolio
About the CMA CGM Group
The CMA CGM Group is a global player in sea, land, air, and logistics solutions, true to its corporate purpose: We imagine better ways to serve a world in motion. Present in 184 countries, the Group employs 170,000 people, including nearly 6,000 in Marseille, where its head office is located. As the world’s third-largest shipping company, CMA CGM serves more than 420 ports across five continents with a fleet of over 700 vessels. In 2025, CMA CGM carried more than 24 million twenty-foot equivalent units (TEUs).
Its subsidiary, CEVA Logistics, one of the top five global logistics players, operates 1,000 warehouses and handled 15 million shipments in 2025. The Group’s air division operates a fleet of cargo aircraft under the CMA CGM AIR CARGO and Air Belgium brands. CMA Media, the third-largest private media group in France, brings together RMC-BFM, several national and regional press titles (La Tribune Dimanche, La Tribune, La Provence, and Corse Matin), and the social media platform Brut.
Committed to the energy transition, the CMA CGM Group aims to achieve Net Zero Carbon by 2050. The CMA CGM Foundation provides humanitarian aid in crisis situations and supports education and equal opportunities worldwide. To date, the Foundation has transported 120,000 tonnes of humanitarian aid to 106 countries and supported over 630 projects in France, Lebanon, and across the globe.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets, with approximately $88 billion of assets under management. Through its investments in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, maintaining a sharp focus on downside protection and strong risk-adjusted returns.
As a sponsor of private equity and credit investment vehicles, Stonepeak provides capital and committed partnerships to scale investments within target sectors that include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Headquartered in New York, Stonepeak maintains offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh.
Source: CMA CGM | Stonepeak