CMA CGM (CMA CGM) this week completed the New York Port and New Jersey Port two container terminal acquisition, it is understood that the East Coast transaction is in the end of 2021 to acquire the Los Angeles Fenix Marine Services container terminal.

Dafei's U.S. terminal portfolio has expanded to seven, with New York and New Jersey Ports becoming Dafei CGM's largest gateway on the East Coast and Gulf of Mexico to strengthen the group's position as a global port terminal operator.

As the French-based shipping and logistics group's U.S. supply chain business grows, CMA is working to capture a growing share of its Asia-U.S. business from West Coast ports.

said that the two new assets strengthen the company's business on the east coast of the United States, providing the group's flagship terminal business at a key entrance to the east coast of the United States. The terms of the acquisition include requiring Air France to cover more maintenance costs and sharing demurrage revenue with the Port Authority of New York and New Jersey.

According to data from PIERS, the proportion of Asian imports that landed on the West Coast of the United States fell to 53.1 per cent in July, down from 59.3 per cent in June and the lowest level since November last year. That share was 60.4 percent when the longshore contract negotiations began in May 2022. U.S. imports from Asia rose for the fifth consecutive month in July to 1.46 million billion TEUs, the highest level since September last year, while the East Coast's share rose to 37.7 percent from 32.9 percent in June.

CMA CGM pledged to invest in infrastructure to support the continued growth of the terminals, noting that "the development plans for both terminals will provide the capacity needed to support the liquidity of the U.S. supply chain. At the same time, an ambitious goal was set to increase the facility's capacity by 50% within 10 years.

, according to the freight forwarding network, due to the current imbalance in market conditions, in order to maintain maximum service efficiency, is deploying its fleet on the free bridge service connecting northern Europe and the east coast of the United States. The revamped fleet deployment has no impact on existing service models, rotations or port coverage.

freight forwarding network