CMA CGM to develop deep-sea terminal in Vietnam: French shipping giant CMA CGM has inked a USD 600 mn agreement with Vietnamese port operator Saigon Newport Corporation (SNP) for the design, construction, and operation of the Lach Huyen port’s terminals seven and eight, according to a statement. The development has a capacity of 1.9 mn TEU and is scheduled for operations in 2028.

CMA CGM is booked and busy: The company is witnessing a sharp rise in demand for freight transport out of China this month after the French firm saw its US-China freight bookings drop by almost half. Earlier this month, Syria’s Land and Sea Ports Authority and CMA CGM finalized a 30-year agreement with a USD 230 mn investment ticket for the operation of Latakia Port.

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