CMA CGM Acquires Two Port of NY/NJ Container Terminals

New York terminal is one of the two acquired by CMA CGM (GCT) Published Dec 6, 2022 7:30 PM by The Maritime Executive Shipping giant CMA CGM Group ...

December 7, 2022
2:06 AM

New York terminal is one of the two acquired by CMA CGM (GCT) Published Dec 6, 2022 7:30 PM by The Maritime Executive Shipping giant CMA CGM Group has signed a binding agreement to acquire two container terminals in the Port of New York and New Jersey as part of the group's efforts to strengthen its terminal operations and investment in the North American market. The investment comes at a time when the Port of New York and New Jersey has been the most active container port in the United States. CMA CGM entered into the agreement with Global Container Terminals, which operates the two terminals in the New York New Jersey port as well as two other terminals in British Columbia, Canada.