CMA CGM signs Syrian port deal

CMA CGM has signed a 30-year deal with the Syrian government to develop Latakia port, including building a new berth and investing $260m to bolster Syria’s top port. CMA CGM has been operating at Latakia since 2009.

The new deepwater berth will be 1.5 km long with depths alongside of 17 m.

Under the agreement, the government will take 60% of revenues and CMA CGM will take 40%.