recently, France's CMA CGM will acquire its Bayonne and new york terminals in the United States from Global Container Terminals (GCT). This is part of the group's efforts to strengthen its terminal operations and investment in the North American market.
For this acquisition, Dafei emphasized that Bayonne Terminal has the highest level of automation, the fastest port truck turnover, is close to the sea transportation channel, and can provide services for 18,000 TEU large ships, while New York Terminal benefits from New York and New Jersey ports. Efficient labor force, and through direct card transportation and multimodal transportation to connect dense new york hinterland.
"The acquisition of GCT Bayonne and GCT New York Dock is a strategic investment of CMA CGM Group. It strengthens the service we provide to our customers in the United States and the efficiency of our supply chain, "Rodolphe Saadé, chief executive officer and chairman of CMA CGM Group, said in a statement late on Tuesday. "It further strengthens our position in the United States, which is one of the fastest growing major markets in the world, and will help us continue to grow.
this combination makes our customers and the entire US market very efficient. Port congestion and the pandemic will only exacerbate this strategy. Storage and land connection infrastructure, container availability and ship capacity all played a role, Christine Cabau, executive vice president of CMA CGM operations, said Woehrel.
CMA CGM now invests in 52 port terminals in 28 countries through CMA Terminals and its Terminal Link joint venture. Among them, there are five terminal portfolios in the United States, namely Fenix Marine Services and PMS in Los Angeles, Dutch Harbour in Alaska, and Houston Bayport and Miami SFCT's 26% equity.
Since the full acquisition of CEVA Logistics in early 2019, CMA CGM's huge profitability has enabled the Marseille-based airline to make a series of targeted high-profile acquisitions in key areas in the past two years and accelerate its end-to-end supply chain ambitions.
In November 2021, one month after the purchase of Fenix Marine terminal, CMA made another huge investment in the United States, for 3 billion dollars to acquire the U.S. contract logistics and e-commerce expert Ingram Micro's commercial and life cycle services business.
In January 2022, the airline acquired a majority stake in Colis Privé, the last mile logistics specialist in Europe, a parcel delivery company partly owned by Amazon, although the purchase price has not been disclosed. In April this year, the airline bought Gefco, Europe's leading automotive logistics service provider, for an undisclosed amount.
From the 1992 development to the present, after 30 years of history, Dafei China has become the global shipping, land transportation, aviation and logistics industry important leader.
Forwardernet.com