Syria’s New Regime Renews CMA CGM’s Terminal Lease at Latakia

The new governing power in Syria, Islamist group Hay’at Tahrir Al-Sham, has renegotiated CMA CGM’s container terminal lease at the port of Latakia and will allow the French liner to continue to operate the facility under modified terms. 

CMA CGM signed a contract to run Latakia’s container terminal back in 2009, under the regime of then-President Bashar Al-Assad. The initial lease was for a period of ten years, renewable…