CMA CGM’s acquisition of GCT’s U.S. terminal assets concludes

Chamber of Shipping > Blog > News > US > CMA CGM’s acquisition of GCT’s U.S. terminal assets concludes

GCT Global Container Terminals Inc. has successfully sold its GCT USA assets to CMA CGM, a global shipping and logistics company. The sale was concluded after obtaining necessary government approvals and consent from the Port Authority of New York New Jersey. The focus now is on a smooth transition for customers, partners, and employees during the integration process. GCT still owns and operates GCT Vanterm and GCT Deltaport, two container terminals in the Port of Vancouver through its subsidiary GCT Canada Limited Partnership. These terminals provide a capacity of over 3.5 million TEUs through Canada’s Pacific Gateway.

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