Shipping lines have never amassed more cash than they have in the past two years — and they’re spending it freely on everything from new ships to airplanes to tech platforms to terminal operations.
France’s CMA CGM Group, which operates the world’s third-largest ocean carrier, unveiled its latest purchase Tuesday night. It confirmed it will buy the terminal assets of Global Container Terminals (GCT) in Staten Island, New York, and Bayonne, New Jersey.
In recent months, the Port of New York and...
https://www.freightwaves.com/news/cma-cgm-buys-new-yorknew-jersey-terminal-operations-from-gct