CMA CGM Unveils Port Liberty: The Preeminent East Coast Multi-user Gateway to America's Supply Chain

• $600 Million investment in New York and New Jersey Terminals to accelerate the flow of imports for American consumers.
• Development plan at both terminals will increase capacity by up to 80% and create approximately 1,000 union jobs.
• In close partnership with the State of New York and the State of New Jersey, CMA CGM will accelerate the decarbonization of Port Liberty.

NEW YORK, Oct. 11, 2023 /PRNewswire/ -- The CMA CGM Group, a global player in sea, land, air and logistics solutions, today unveiled the investment and business strategy for its recently acquired Global Container Terminals ("GCT") in Bayonne and New York ports as part of the Group's U.S. expansion plan.

An ambitious development plan that will result in enhanced capacity and environmental improvements
Effective immediately, the terminals will be named "Port Liberty New York" and "Port Liberty Bayonne", and CMA CGM will embark on an ambitious $600 million upgrade of the two facilities incorporating the latest technology, creating approximately 1,000 union jobs, and resulting in meaningful environmental improvements. Post-investment, Port Liberty's combined capacity will increase by up to 80%, allowing larger, more energy-efficient ships to dock.

In partnership with the State of New York and the State of New Jersey, the investment will also be used to enhance rail and road infrastructure surrounding the multi-user terminals to create more direct access to freight rail lines and major highways, thereby aiding in Port Liberty's decarbonization efforts by limiting the number of trucks needed for shipping and transportation. Together, these efforts also support CMA CGM's goal of reducing emissions and greenhouse gases and becoming Net Zero by 2050.

Two flagship terminals adding to an already significant presence of CMA CGM in the United States
Combined, these improvements reinforce CMA CGM's growing presence in the United States. For nearly 40 years, the Group has enjoyed a long commitment to the U.S. economy and strong presence through its port terminal portfolio and operational relationships with U.S. customers. CMA CGM's U.S. portfolio now includes seven terminals, strengthening its domestic production capabilities and further diversifying its gateway ports.

Port Liberty New York and Port Liberty Bayonne provide flagship terminal operations at a critical entry point on the U.S. East Coast, enabling the shipping lines to capitalize on global sourcing trends and advance the East Coast and Midwest's role in the U.S. supply chain. With an expanded Northeast footprint, these terminals will provide customers with heightened access to one of the world's largest economic regions, improving its global network resiliency and enhancing its service.

Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, declared: "The acquisition of these two terminals is a reflection of our ongoing commitment to the U.S. market in building more resilient and more sustainable supply chains. It is a major step forward in our strategy of developing and modernizing infrastructures here and around the world.

"Port Liberty New York and Port Liberty Bayonne on the East Coast, together with FMS on the West Coast now rank as CMA CGM's flagship terminals in North America. They will enable us to provide a better service offering to our customers."

About CMA CGM
Led by Rodolphe Saadé, the CMA CGM Group, a global player in sea, land, air and logistics solutions, serves more than 420 ports around the world across 5 continents, with a fleet of around 623 vessels. The Group transported 21.7 million TEU containers (twenty-foot equivalent units) in 2022. With its subsidiary CEVA Logistics, a global logistics player which transported 522,000 tonnes of air cargo and more than 22 million shipments of inland freight, and its air cargo division CMA CGM AIR CARGO, the CMA CGM Group is constantly innovating to provide customers a comprehensive and increasingly efficient offering, thanks to new shipping, inland, air freight and logistics solutions. Firmly committed to the energy transition in shipping and a pioneer in its use of alternative fuels, the CMA CGM Group has set a Net Zero-Carbon target for 2050. Each year, via the CMA CGM Foundation, the Group supports thousands of children as part of its efforts to promote education for all and equal opportunities. The CMA CGM Foundation also intervenes in humanitarian crises requiring an emergency response by calling on the Group's shipping and logistics expertise to deliver humanitarian supplies around the world. Present in 160 countries through its network of more than 400 offices and 750 warehouses, the Group employs 155,000 people worldwide, including nearly 4,000 in Marseille where its head office is located.

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