CMA CGM to buy US terminals
[ December 7, 2022 // Chris Lewis ]
The CMA CGM Group has signed a binding agreement to acquire the Bayonne and New York facilties of Global Container Terminals. The two locations have an existing combined capacity of 2 million TEU per year with potential for expansion to up to almost double that capacity. CMA CGM will operate the two facilities as multi-user terminals under the current management team. The carrier also intends to further develop its shipping line calls in the New York area. An earlier group acquisition in January was Fenix Marine Services terminal in the Port of Los Angeles.
Tags: CMA CGM; Global Container Terminals
