CMA CGM Buys NY & NJ Terminals Operated By GCT
December 9, 2022
CMA CGM Group has signed a binding agreement to acquire GCT Bayonne and New York
terminals, currently held by Global Container Terminals Inc (GCT).
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.
After closing, the CMA CGM Group will operate the two strategic facilities as
multi-user terminals under the leadership of the current management team and
will continue focusing on improving its service quality to satisfy U.S.
customers’ expectations. Investment in the infrastructure will be undertaken to
meet both CMA CGM and local communities’ environment protection targets.
This major investment is consistent with CMA CGM Group’s strategy of developing
its terminal business while supporting the growth and efficiency of its shipping
lines and guaranteeing service quality for its clients.
The CMA CGM Group has a long commitment to the U.S. economy and a strong
presence through its port terminals portfolio and operational relationships with
U.S. customers, including the U.S. government.
acquisition of Ingram Micro’s Commerce & Lifecycle Services business specializing in eCommerce contract logistics and omni-channel fulfillment, in April 2022.
GCT Terminals will complement CMA CGM’s capabilities, including:
A fleet of 9 U.S. flagged vessels operated under the American President Lines (APL) Lines brand, a trusted partner to the US government for ocean transportation and in country logistics for over a century,
A portfolio of 5 terminal assets consisting of FMS (100%) and PMS (10%) in the Los Angeles area, Dutch Harbor (100%) in Alaska, Bayport (26%) in Houston and SFCT (26%) in Miami,
CEVA Logistics, a world leader in third party logistics.
CMA CGM began its operations in the country in the late 80’s and opened its U.S.
headquarters in Norfolk in 2005. The Group currently employs more than 15,000
people in the U.S.