Global announces Bayonne, NJ plan

The facility is ideally situated close to John F. Kennedy Airport and Port Elizabeth, as well as one of the top consumer markets for fashion in the US.

The strategy is prefigured by the recent establishment of a dedicated terminals division in Rotterdam

The CMA CGM Group, which recently completed the acquisition of the Bayonne and New York container terminals operated by Global Container Terminals in the Port of New York/New Jersey, is to invest US$600M in the facilities and forge a new business plan for them.

APM Terminals was able partly to bridge its loss of revenue per move in Q1 2023 by lowering its costs and increasing tariffs.

The Georgia Ports Authority is converting its Ocean Terminal in Savannah into a dedicated container terminal.

Action paves the way for construction of the North Extension of the Port of Valencia and over €1 billion in investment by TiL in a new automated terminal.