Date: 2024-10-25 Page is: DBtxt003.php txt00025873 | |||||||||
COMPANIES
CMA-CGM CMA-CGM completes acquisition of major New York area port infrastructure CMA CGM Christophe Colomb passing the upper bay Original article: https://www.cmacgm-group.com/en/news-media/CMA-CGM-completes-acquisition-gct-bayonne-new-york Peter Burgess COMMENTARY Peter Burgess | |||||||||
August 31, 2023
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. Investments in industry-leading infrastructure to support continued growth While CMA CGM Terminal arm will operate the two multi-user facilities under its current management team, the Group intends to further develop the two terminals which are key to the strategic New York/New Jersey gateway, the largest on the U.S. East Coast. CMA CGM’s ambitious development plan includes:
From today, CMA CGM is proud to be the shareholder of GCT Bayonne and New York terminals. |