CMA CGM and infrastructure investment firm Stonepeak have formed a new joint venture that brings a major portfolio of port and terminal assets under a single platform called United Ports LLC.
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Under the agreement, Stonepeak will invest $2.4 billion for a minority stake in the venture, while CMA CGM will continue to operate the terminals. The deal includes 10 terminals across six countries, covering key gateways in the U.S., Europe, Asia, and Latin America.
In the U.S., the joint venture includes Fenix Marine Services at the Port of Los Angeles and Port Liberty in the New York–New Jersey region. International assets span terminals in Brazil, Spain, India, Taiwan, and Vietnam, placing United Ports at the center of several major global trade lanes.
CMA CGM said the structure allows it to retain operational control of its terminal network while bringing in a long-term infrastructure partner to support future expansion. The company described the partnership as an important step in strengthening its terminal operations and continuing to invest in efficient, reliable port infrastructure.
“The creation of United Ports LLC marks an important step in the development of our terminal activities in the United States and globally,” said Rodolphe Saadé, Chairman and CEO of CMA CGM Group.
Stonepeak said the investment reflects confidence in container terminals as critical supply chain infrastructure with steady, long-term demand. The firm noted that ports play a central role in supporting global trade and economic growth, making them a strong fit for long-duration infrastructure capital.
The creation of United Ports comes as ocean carriers continue to move deeper into terminals, inland logistics, and end-to-end supply chain services. By bundling these assets into a standalone platform, CMA CGM can free up capital for other investments while keeping its terminal network closely aligned with its shipping operations.
For shippers, the deal signals continued investment in port capacity and terminal operations at a time when congestion, labor issues, and infrastructure limits remain ongoing concerns. While day-to-day operations at the terminals are not expected to change immediately, the joint venture could influence how these facilities expand and modernize over time.
