CMA CGM Sells APL Terminals to Cut Debt Focus on Core Routes

CMA CGM Sells APL Terminals to Cut Debt Focus on Core Routes

CMA CGM's sale of APL Terminals aims to optimize its debt structure, focus on core business, and synergize with the Ocean Alliance to reduce route redundancy. This move will impact the competitive landscape of the shipping market, trigger a battle for terminal assets, and potentially accelerate industry consolidation. While CMA CGM remains a significant port operator, it will continue to adjust its strategy to address market challenges. The sale represents a significant strategic shift for the company, impacting its port operations and financial standing. The long-term effects on the shipping industry remain to be seen.

01/28/2026 Logistics
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Cherys Karry Expands to UAE Via Al Ghurair Partnership

Cherys Karry Expands to UAE Via Al Ghurair Partnership

Chery Karry partners with Al Ghurair to enter the UAE's light commercial vehicle market. Al Ghurair will serve as the exclusive distributor, facilitating Chery Karry's expansion into the Middle Eastern market. This collaboration aims to establish a strong foothold for Chery Karry in the UAE, leveraging Al Ghurair's established network and market expertise. The partnership signifies Chery Karry's commitment to expanding its global presence and catering to the growing demand for reliable and efficient light commercial vehicles in the region.