Ocean carrier CMA CGM and infrastructure investment firm Stonepeak have announced a joint venture terminal deal, spanning a handful of ports operated by CMA CGM across the globe.

According to a January 28 release from the companies, the "United Ports" venture will see Stonepeak invest $2.4 billion for a 25% minority stake in 10 CMA CGM port terminals, including Fenix Marine Services in Los Angeles, Port Liberty terminals in New York and New Jersey, Santos terminals in Brazil, and Nhava Sheva Freeport Terminal in India, among others in Taiwan, Vietnam and Spain.

“This joint venture represents a truly differentiated opportunity to invest in a high-quality portfolio of strategically located terminals alongside one of the largest and most respected shipping and logistics groups in the world," said Stonepeak senior managing director James Wyper.

CMA CGM will retain full operation control of its terminals as part of the deal, and plans to reinvest the $2.4 billion from Stonepeak into expanding supply chain capacity and growing its core businesses. Stonepeak will also have the opportunity to put another $3.6 billion toward future joint terminal projects. The deal is expected to be finalized sometime in the back half of 2026, pending regulatory approval.