07/12/2022at 09:04

CMA CGM to acquire two flagship terminals at strategic US gateway

French CMA CGM buys two container terminals in New York port area from Global Container Terminals worth upwards of USD 3bn.

Container vessels dock at New York ports on US East Coast. | Photo: Seth Wenig/AP/Ritzau Scanpix/AP

by DANIEL LOGAN

CMA CGM has agreed to acquire two flagship terminals in major port of New York and New Jersey.

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Maersk group head at the time Jess Søderberg, Mærsk Mc-Kinney Møller, the Queen of Denmark, Margrethe II, and Prince Henrik of Denmark in 1997 when the ship was launched. | Foto: Carsten Andreasen/Ritzau Scanpix

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CMA CGM to acquire two flagship terminals at strategic US gateway

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Get full access for you and your coworkers

Related articles:

Hapag-Lloyd buys terminal and logistics business for USD 1bn

CMA CGM is alone among European carriers with discount scheme for US ports

CMA CGM launches container discount for importers in Los Angeles and Long Beach

Sign up for our newsletter

Front page now

Maersk divests historic ship – was world's biggest in 1997

Port of Rotterdam expects regular bunkering of methanol by the summer

Drewry director eyes one central weakness in Maersk's strategy

Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Further reading

Maersk scraps name of German forwarder

DFDS: "We need a level playing field to prevent social dumping on the Channel"

European ports launch offshore wind collaboration

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