Transport Infrastructure
Syria signs new contract with CMA CGM for the operation of Latakia Port Container Terminal
The General Authority for Land and Sea Ports of Syria announced on Wednesday it had signed a contract with the French shipping and logistic group CMA CGM for the operation of the container terminal in the Latakia Port. In a statement, the Syrian port authority stated that the contract will include new terms, mechanisms and payment of previous dues on both sides. CMA CGM didn't immediately respond to an inquiry for comment. According to a source familiar with the negotiations, the discussions leading to the new contract include changes to revenue distribution as well as the length of the contract....