CMA CGM, the French shipping and logistics giant, has solidified its presence in Brazil by completing the first phase of acquiring a controlling share in Santos Brasil, a major operator at the country’s busiest port. The strategic move aligns with CMA CGM’s broader ambition to expand its terminal and logistics operations across key global markets.

Acquisition and Investment Details

CMA CGM invested over $2 billion to enhance its footprint in Brazil, acquiring approximately 48% of Santos Brasil for $1.1 billion. Along with an additional 3% acquired by an affiliate, CMA CGM now holds 51% control, making it the majority stakeholder in Santos Brasil.

Santos Brasil Terminal Operations

Santos Brasil is a powerhouse in Brazil’s container logistics, operating five terminals and managing eight assets. Its flagship, Tecon Santos Terminal, currently has a handling capacity of 2.5 million TEU and is on track to expand to 3 million TEU. The terminal manages around 40% of Brazil’s total container volume and is capable of accommodating three 14,000 TEU vessels simultaneously.

Broader Context: Port of Santos Growth

The Port of Santos continues to experience impressive growth, recently recording the busiest March in its history, with container handling volumes up 7% year-over-year for Q1 2025. This reinforces Santos’ role as Brazil’s primary trade hub, handling 30% of the country’s trade flow. China remains the port’s leading trade partner, accounting for 28% of its volume.

Government and Strategic Support

To further support this momentum, the Brazilian federal government has committed $2.2 million for infrastructure upgrades, including better road access and the deepening of the shipping channel at Santos. CMA CGM’s acquisition is also strategically aligned with integrating its operations alongside CEVA Logistics, boosting efficiency and connectivity across the supply chain.

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Key Data Summary

Item	Details
Company	CMA CGM
Acquired Entity	Santos Brasil (Tecon Santos Terminal)
Investment Value	Over $2 billion
Stake Acquired	48% + 3% affiliate stake = 51% total control
Terminal Capacity (Current)	2.5 million TEU
Terminal Capacity (Future)	3 million TEU
Terminal Significance	Handles 40% of Brazil’s container volume
Port Growth	7% increase in Q1 2025
Government Investment	$2.2 million for infrastructure improvements
Main Trading Partner (Port)	China (28% of volume)
Strategic Objective	Expand terminals and logistics, integrate with CEVA Logistics