CMA CGM Group has finalised the acquisition of Global Container Terminals’ (GCT) Bayonne and New York terminals.
CMA CGM agreed to acquire the East Coast terminals towards the end of last year. Through this investment, the group said it has strengthened its position as a global port terminal operator, and a leading supply chain player in the USA providing end to end solutions to customers worldwide; the addition of the two terminals expands CMA CGM’s portfolio of terminals in the country to seven.
CMA CGM added that the additions provide the group with “flagship terminal operations at a critical entry point on the US East Coast.” Further development of the terminals is also planned. That includes the continued development of Bayonne’s Berth 3; investments to create additional yard and berth capacity to enable improved operational fluidity at Bayonne and New York; improved direct access to major highways and railways to and from the terminal facilities; and a reduction in emissions and greenhouse gases, with a goal of becoming net-zero by 2050.
