CMA CGM Nears Deal for New York, New Jersey Container Terminals

07.12.2022

CMA CGM SA has agreed to buy two major US shipping terminals owned by Global Container Terminals Inc to bolster the French logistics company’s presence in the country.

The acquisition gives CMA CGM a gateway on the US east coast and strengthens its position as global port terminal operator, the company said Tuesday, confirming an earlier Bloomberg News report. Financial details for the transaction to buy the terminals in the state of New York and New Jersey weren’t disclosed.