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CMA CGM completes US East Coast terminal acquisition

[ September 1, 2023   //   ]

CMA CGM Group has finalised its acquisition of Global Container Terminals’ Bayonne and New York terminals. Port GCT Bayonne and Port GCT New York expand CMA CGM’s portfolio of terminals in the US to seven, complementing the acquisition of the Fenix Marine Services container terminal in the Port of Los Angeles on the US West Coast.

CMA CGM’s Terminal arm will operate the two multi-user facilities under its current management team, but the Group intends to further develop the two terminals. It will continue development of Bayonne’s Berth 3, which when completed, will have a depth of 55 feet with 18,000 TEU vessel handling capability.

It will also create additional yard and berth capacity allowing improved operation at Bayonne and New York, improve access to major highways and railways and reduce emissions and greenhouse gases with a goal of becoming Net Zero by 2050.

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