CMA CGM to take over Containerships

The Marseille-based container shipping major has entered into agreement with Containerships' parent company Container Finance to acquire the Finnish short sea operator.

The deal also covers Container Finance's stake in Multi-Link Terminals, which operates two container terminals in the Finnish ports of Helsinki (Vuosaari) and Kotka, and CD Holding, a company from Helsinki dealing with container depot and terminal services, sales, as well as search and track.

Containerships' Baltic-North Seas and southeast Mediterranean networks are currently served by a fleet of 15 container carriers. The company will receive four brand-new LNG-powered ships between August 2018 and January 2019.

The transaction is subjected to approval by the relevant authorities.

Photo: Containerships