GCT sells NY/NJ terminals to CMA CGM

Cargo bound for Finland will still be loaded as scheduled, with transhipment in Tallinn, albeit with an additional freight adjustment of EUR 350 per container.

No new export or import bookings will be accepted to Baltimore until further notice. Alternate discharge ports will be available including Norfolk or New York.

The partnership will facilitate seamless door-to-door transportation services across the entire market, enhancing efficiency and reducing carbon emissions.

“No fixed price of EUR 90/t CO2 has been announced. Instead, Maersk updates the Emissions surcharge quarterly to ensure alignment with the latest EUA price.”

While the individual profits for each voyage are not always high, for carriers with hundreds of vessels this represents millions in surcharge profits every year.

The weekly service will provide two vessels catering to cargo transshipping from both Jeddah Islamic Port Terminals Red Sea Gate Terminal and DP World Jeddah.