ALBAWABA – Syria has signed an agreement with the French company CMA CGM to operate the Latakia port container terminal.
Syria signs an agreement with CMA CGM
The Syrian General Authority for Land and Sea Ports has announced the signing of an agreement with CMA CGM, the French shipping and logistics company. Under the terms of the agreement, CMA CGM will begin operating the container terminal at Latakia port.
The authority stated that the new agreement will introduce updated and modified terms and regulations. These changes may address modifications to revenue distribution and the length of the contract, according to sources.
Notably, CMA CGM began managing the port in 2009. The contract has been renewed several times since then, most recently in 2024 under the rule of President Al Assad.
The authority stated that the new agreement will introduce updated and modified terms and regulations. (Shutterstock)
The new contract is now renewed by the new governing power in Syria, Islamist group Hay'at Tahrir Al-Sham. After the fall of the Assad regime in December 2024, the new authorities now in control are establishing new rules and agreements to guide the country.
It is worth noting that CMA CGM operates in 160 countries globally. Its activities include shipping, port operation, supply chain management, and warehousing.
The European Union is currently considering the removal of sanctions on the country and its economy. This would allow ships to continue trading through the Port of Latakia.
