– GCT Bayonne and GCT New York terminals: leading assets with an ambitious development plan to support U.S. supply chains for all operators.
– New York port area: a strategic gateway on the U.S. East Coast strengthening the CMA CGM global footprint in the U.S.
– Acquisition completes CMA CGM’s portfolio of 7 terminals in the U.S. and strengthens the Group’s position as global port terminal operator.
The CMA CGM Group, a global player in sea, land, air and logistics solutions, has signed a binding agreement to acquire GCT Bayonne and New York terminals, currently held by Global Container Terminals Inc (GCT).
Two major East Coast terminals in one of the world’s largest economic regions
The Port of New York and New Jersey is a key entry point serving the Northeastern U.S. supply chain areas and represents CMA CGM’s largest gateway on the U.S. East and Gulf Coasts. The Bayonne and New York terminals, with an existing combined capacity of 2 million TEUs per year, have a potential for further expansion, up to almost double capacity. READ MORE.