Yildirim’s Investment May Bring CMA-CGM, Make Gulfport Less Banana Exposed — Panjiva
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Yildirim’s Investment May Bring CMA-CGM, Make Gulfport Less Banana Exposed

Ags - Fruit/Veg 145 Corp - Ports 909 Corp - Shipping 1026 Mergers 220 Mode - Containerized 1524 Mode - Seaborne 1845 U.S. 5399

Yildirim Holding, 24% owned of container-line CMA-CGM, has signed a letter of intent to invest in facilities at the Port of Gulfport, Mississippi. That cements Yildirim’s commitment to logistics after it backed away from selling CMA-CGM last year. Inbound container handling at Gulfport rose 27% in 2017 on a year earlier as disruptions from port renovations neared (but are not yet at) completion, but have fallen 5% in the first quarter of 2018. Gulfport may look to Yildirim to diversify the traffic through the port, which so far has been dominated by fruit shipments from Latin America inc...

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