CMA CGM has confirmed plan to purchase a stake in the port of Long Beach’s Pier J. The deal will bring an additional 2.6 million container units to the port and increase its revenues by about USD70 million over the next five years. The investment makes the Marseille, France-based ocean carrier a partner in the lease and operations of the 256-acre terminal. It also marks CMA CGM’s first investment in a port on the US west coast and guarantees that its ships will call exclusively at the port of Long Beach when using the San Pedro Bay gateway. Pier J is home to Pacific Container Terminal. With a water depth of about 50ft and 17 post-panamax gantry cranes, it is one of the few terminals in the world capable of servicing the new generation of giant containerships. Pacific Container Terminal has been operated as a joint-venture between global maritime services company SSA Marine and COSCO, a China-based ocean carrier. CMA CGM became a partner in the venture last month.