November 3, 2021 by editor
https://www.marinelink.com/news/cma-cgm-buy-los-angeles-fms-container-491810
The Port of Los Angeles has seven container terminals. Each terminal has control of which ships they handle and in what order. There is not one big queue of 73 ships waiting to be unloaded – there are seven groups.
CMA CGM is a French-based shipping company. They are the 4th largest global shipping company. The Femix terminal was probably the most flexible in terms of accommodating smaller shipping companies. This acquisition is very important. This purchase means that it was worth $2 billion dollars for CMA CGM to make sure their ships are unloaded on a predictable schedule.