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CMA CGM completes acquisition of GCT Bayonne and New York container terminals

[ September 7, 2023   //   Gary G Burrows ]

CMA CGM Group has finalized its acquisition of Global Container Terminals (GCT) Bayonne and New York terminals. Through this strategic investment, the Group strengthens its position as a global port terminal operator, and a leading supply chain player in the United States providing end to end solutions to customers worldwide.
Port GCT Bayonne and Port GCT New York expand CMA CGM’s portfolio of terminals in the U.S. to seven, ideally complementing on the US East Coast the Group’s acquisition of the Fenix Marine Services container terminal in the Port of Los Angeles on the US West Coast.
These two new assets provide the Group with flagship terminal operations at a critical entry point on the U.S. East coast. This acquisition will strengthen the East Coast’s role in securing the U.S. supply chain and improve network resiliency.

Tags: CMA CGM Group, Global Container Terminals