French carrier CMA CGM and U.S. investment firm Stonepeak announced the formation of United Ports LLC, a U.S.-based joint venture that will acquire ten major port terminals operated by CMA CGM worldwide with an initial $2.4 billion investment from Stonepeak for a 25 % minority stake, while CMA CGM retains 75 % ownership and full operational control. The transaction encompasses key facilities including Los Angeles Fenix Marine Services, Port Liberty in New York and Bayonne (U.

In international maritime shipping, exchange-rate risk arises when commercial and financial transactions involve multiple currencies, potentially turning a seemingly profitable shipment into a loss when payments are settled due to currency movements between contract and settlement dates. This risk is especially pronounced in deferred payments, where extended invoicing terms expose services to exchange-rate shifts, and in long-term contracts with freight rates set in one curre