2024-10-01 11:10:53
Pbeautiful port! Large shipyard owners are snapping them up, and governments are preventing many foreign investors, especially Chinese, from buying them. Ports have become increasingly strategic assets as globalization has led to an increase in trade – particularly through container shipping. These entry and exit points, which see 90% of the world’s solid and liquid product transport, are important for States, who are concerned about their government, and for ship owners, who are protecting their jobs. they.
The first ships. They want to control the management and storage areas in large port “centers”, in order to produce and re-produce without stopping at the stations. Cruise shipping is very expensive indeed. “For a container ship carrying 24,000 containers, we are talking about hundreds of thousands of dollars per day”indicates Rodolphe Saadé, President and CEO of France CMA CGM, in an interview with Echoes from September 24. And, in Brazil, waiting periods can last ten days.
This is the main reason why Mr. Saadé’s group has just acquired, for 1.8 billion euros, almost half of Santos Brasil, the leading Brazilian port manager with more than 40% of the entries and exits of ” boxes” of the country, decision. being to eventually take total control. The advantage of emerging power, according to Rodolphe Saadé, lies in its position as both importer and exporter, which makes it possible to balance the flow.
This operation follows the purchase, in 2021, of the Fenix Marine Services terminal in Los Angeles-Long Beach, the largest American port, for almost 2 billion euros; then, in 2023, from Global Container Terminals, which manages the main terminals of the New York-New Jersey port. And its acquisition will not stop there, warns the boss of CMA CGM.
Differentiate the activity
The world number, Italian-Swiss Mediterranean Shipping Company (MSC), also weaves its web, from Trieste (Italy) to Valencia (Spain), from Abidjan to San Pedro (Ivory Coast), and from Barcelona to Haven. He will invest 1 billion euros in the port of Normandy to handle more containers. In Hamburg (Germany), it is in a head-to-head competition with Hapag-Lloyd of Germany for the acquisition of the HHLA stewardship company. In total, its subsidiary TIL operates seventy container terminals, with the same goals as CMA CGM: to offer fast and reliable service to its customers in the industry and mass distribution.
#global #battle #port #infrastructure #escalating