by ship-technology — CMA CGM Group’s wholly-owned unit CMA Terminals has received a concession to manage, run and maintain the Port of Beirut’s container terminal following a bidding process. The contract will be valid for ten years and take effect from next month. At present, the firm contributes nearly 55% of the container terminal’s volumes, with nine weekly calls and transhipment operations. The group has laid down an investment strategy for renewing and upgrading the terminal. This includes an investment of $33m in the container terminal of Beirut Port, with $19m invested during the initial two years. The funds will be used to replace, renew and purchase new port equipment. A new technical facility will be established for providing maintenance and storing spare parts.
The terminal will be equipped with the newest management, optimisation and interconnection systems. Efforts will also be made towards increasing the terminal’s environmental performance by buying greener and more eco-friendly equipment. In a statement, CMA CGM Group said: “Winning the contract to manage, operate and maintain the Port of Beirut’s container terminal is part of the CMA CGM Group’s strategy of developing its terminal business while supporting the growth and efficiency of its shipping lines, consolidating its end-to-end service offering and establish greater control over the logistics chain so that it can offer its customers higher-quality, integrated, digital and more environmentally-friendly services in a context that requires a comprehensive approach to the supply chain.”