CMA CGM Group acquires New York and New Jersey Terminals

CMA CGM will acquire GCT Bayonne terminal in New Jersey and GCT New York terminal, solidifying their position as a top East Coast gateway to the U.S. Both terminals have a combined 2 million TEU capacity per year, with the opportunity to expand and double that capacity. If the deal clears, they would own seven terminals in the U.S.

Source:
CMA CGM to acquire flagship terminals in the Port of New York and New Jersey, CMA CGM website, Dec 7, 2022. Accessed Dec 19, 2022.