GCT Bayonne

CMA CGM completes acquisition of GCT Bayonne and New York box terminals

CMA CGM Group has completed the acquisition of Global Container Terminals (GCT) Bayonne and New York terminals, aiming to strengthen its position as a global port terminal operator.

The French shipping company is now the shareholder of GCT Bayonne and New York terminals, finalising the agreement announced on 7 December 2022.

Port GCT Bayonne and Port GCT New York will expand CMA CGM’s portfolio of terminals in the United States to seven, complementing on the US East Coast the Group’s acquisition...

https://container-news.com/cma-cgm-completes-acquisition-of-gct-bayonne-and-new-york-box-terminals/

CMA CGM buys New York/New Jersey terminal operations from GCT

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

Inbound logistics Podcast on Port of New York and New Jersey rail capabilities

Completed in June of 2019, ExpressRail Port Jersey, operated by GCT Bayonne, is the fourth and final piece in The Port Authority of New York and New Jersey’s $600 million ExpressRail intermodal network. The system also includes facilities in Elizabeth, Newark and Staten Island. In a recent interview for Inbound Logistics’ podcast, Port Authority employees Bob LaMura, Commercial Manager, and Cory Wyatt, Intermodal Rail Development Manager, discussed the importance of the completion of the...

https://container-news.com/inbound-logistics-podcast-port-new-york-new-jersey-rail-capabilities/