CMA CGM acquires two strategic terminals in the Port of New York-New Jersey.
The GCT Bayonne and GCT New York terminals: major assets with an ambitious development plan to support US supply chains for all operators.
The Port of New York: a strategic gateway to the East Coast, reinforcing CMA CGM’s global footprint in the United States.
This acquisition completes CMA CGM Group’s portfolio of 7 terminals in the US and strengthens its position as a global port player.
CMA CGM Group, a global player in maritime, land, air and logistics solutions, announces the signing of an agreement to purchase the Bayonne and New York terminals currently owned by Global Container Terminals Inc (GCT).
Two major terminals on the East Coast of the United States in one of the world’s leading economic regions
The Port of New York-New Jersey is a strategic area serving supply chains in the northeastern United States and is CMA CGM’s main gateway to the US East Coast and the Gulf of Mexico. The terminals in Bayonne and New York have a combined capacity of 2 million TEU per year, with the possibility to almost double their capacity. The Bayonne terminal boasts the highest level of automation, the fastest truck turnaround time, the closest access to the sea and the capacity to accommodate 18,000 TEU ships. The New York terminal benefits from the extremely high productivity of the Port of New York-New Jersey, and from a connection to the dense New York catchment with direct access to road and intermodal transportation.
A strategic investment to serve CMA CGM’s ambitions in the American market
After closing, CMA CGM Group will operate the two strategic facilities as multi-user terminals under the leadership of the current management team. The group will continue to prioritize improving its service quality in order to satisfy its customers in the USA. Investments will be made in infrastructure to achieve both the environmental, social and management goals of CMA CGM and the goals of local communities. CMA CGM Group intends to continue to develop its shipping operations in the New York region thanks to the future capacity of these terminals. The group plans to accelerate the development of the Bayonne and New York terminals through significant investments with the aim of increasing their total capacity by 80% over the coming years. This major acquisition will enable CMA CGM Group to support the growth of the US East Coast supply chain and improve its efficiency to and from the international market.
The group is strengthening its position as a global port player
This major investment fits perfectly into the strategy of the CMA CGM Group, which aims to develop its terminal activity, promote the growth and efficiency of its shipping companies and guarantee the quality of service to its customers. With this acquisition, CMA CGM consolidates its position as a leading port operator. At present, the group is present in the capital of 52 port terminals in 28 countries through CMA Terminals and its joint venture Terminal Link.
CMA CGM Group, a major end-to-end supply chain player in the US, strengthens its commitment to the US economy
CMA CGM Group has been engaged in the US economy for many years with a strong presence through its port terminals and its operational relationships with US customers, including the government.
Over the past 12 months, CMA CGM Group has strengthened its presence in the US with:
The January 2022 acquisition of the Fenix Marine Services Terminal at the Port of Los Angeles,
The acquisition of Ingram Micro’s Commerce & Lifecycle Services (CLS) business, which specializes in e-commerce contract logistics and omnichannel order management, in April 2022.
The GCT terminals will complete the CMA CGM offering, which already includes:
24 shipping companies,
A fleet of 9 US-flagged vessels operated by APL Lines, the US government’s trusted partner for over a century in domestic shipping and logistics,
A portfolio of 5 terminals 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, one of the world leaders in logistics.
CMA CGM started its activities in the country in the late 1980s and established its US headquarters there in 2005 in Norfolk (Virginia). CMA CGM currently employs over 15,000 people in the United States. The completion of this transaction remains subject to the approval of the competent regulatory authorities.
Rodolphe Saadé, Chairman and CEO of CMA CGM Group, said:“The acquisition of the GCT terminals in Bayonne and New York is strategic for the CMA CGM Group. Thus, through this complementary operation to the acquisition of the FMS terminal in Los Angeles, we strengthen the quality of our services to US customers and the efficiency of their supply chain with a complete range of maritime, logistics, air and port solutions. It provides both the opportunity to consolidate our presence in the USA, a large market among the most dynamic in the world, and to continue our development”.
Headed by Rodolphe Saadé, CMA CGM Group, a global player in maritime, land, air and logistics solutions, serves more than 420 ports around the world on 5 continents with a fleet of 584 ships. In 2021, the group transported 22 million TEU (Twenty Foot Equivalent) containers. With its subsidiary CEVA Logistics, a world player in logistics that has transported 474,000 tons of air cargo and more than 21 million tons of land cargo, and its air cargo division CMA CGM AIR CARGO, the CMA CGM Group is constantly innovating to offer its customers a complete and increasingly efficient offer thanks to new sea, land, air and logistics solutions.
Committed to the energy transition in maritime transport and a pioneer in the use of alternative fuels, CMA CGM Group has set itself a Net Zero Carbon goal by 2050.
Through the CMA CGM Foundation, the group helps thousands of children every year as part of its actions in favor of education for all and equal opportunities. The CMA CGM Foundation also acts in the face of humanitarian crises that require an emergency response by mobilizing the group’s maritime and logistical expertise to send humanitarian material around the world.
The group is present in 160 countries through its network of more than 400 offices and 750 warehouses, and employs 150,000 people worldwide, including 4,000 in Marseille, where its headquarters are located.