Archives



Business, Freight News, Sea


GCT Global Container Terminals agrees to sell US business to CMA CGM Group

[ January 4, 2023   //   ]

GCT Global Container Terminals Inc. (GCT) announced that it has entered into an agreement to sell its US-based terminal assets to CMA CGM Group.
GCT currently operates two US terminals: GCT New York on Staten Island, NY and GCT Bayonne in Bayonne, NJ, in the Port of New York and New Jersey.
GCT will retain full ownership of GCT Canada and its terminals, GCT Deltaport and GCT Vanterm operating in the Port of Vancouver.
The transaction is subject to customary and required regulatory approvals and consents.

Tags: ,