Macron calls for ‘suspension’ – CMA CGM's $20bn US investment in doubt
CMA CGM’s much-heralded $20bn investment in the US could be in doubt after French president ...
New York Terminal Photo: Mandritoiu | Dreamstime.com
CMA CGM is pumping $600m into its recently acquired New York and New Jersey terminal operation as it looks to boost capacity by some 80%.
Announcing the investment, less than two months after purchasing the Bayonne and New York terminals, the company said the development was being run in “close partnership” with the states of New Jersey and New York.
Drewry senior analyst for ports and terminals Eleanor Hadland said the acquisition and investment made “total ...
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