CMA CGM Group acquires New York and New Jersey Terminals

coracle News

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.

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.