CMA CGM to expand US key ports over the next ten years

The French shipping company has closed the deal for two port terminals in Bayonne and New York on the US East Coast.
A CMA CGM vessel passes under the Bayonne Bridge in New Jersey. | Photo: Seth Wenig/AP/Ritzau Scanpix
A CMA CGM vessel passes under the Bayonne Bridge in New Jersey. | Photo: Seth Wenig/AP/Ritzau Scanpix

French shipping company CMA CGM has finalized the acquisition of the two US port terminals Global Container Terminals, GCT, Bayonne and New York, and has also announced plans to expand the container and shipping space according to a statement from the company.

With the acquisition in New York and New Jersey, the largest ports on the East Coast of the United States, the major French shipping and logistics group has a portfolio of seven container terminals in the United States. 

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading