Vancouver BC Lauds Completed Projects, DP World’s 100th Anniversary

Vancouver BC Lauds Completed Projects, DP World’s 100th Anniversary

May has been a month for celebration in Vancouver, British Columbia, where logistics company DP World and the Vancouver Fraser Port Authority celebrated not only a newly completed Centerm Expansion Project at DP World Vancouver, but also the 100th anniversary of the port’s marine terminal operations. DP World teamed with the Vancouver Fraser Port Authority to finish the Centerm Expansion Project, a $350 million CAD ($260 million U.S.) project to bolster throughput by 60%, with the larger terminal now able to process 1.5 million TEUs annually and add 15% to the terminal’s footprint overall. “The 100th anniversary of terminal operations…
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Canada’s GCT Enters Assets Sale Agreement with CMA CGM

Canada’s GCT Enters Assets Sale Agreement with CMA CGM

Vancouver, British Columbia-based GCT Global Container Terminals Inc. has agreed to sell its U.S.-based terminal assets to container transport company CMA CGM Group, GCT announced Dec. 6. The sale, which is subject to the necessary approval processes, would allow the French shipping company to acquire GCT New York on Staten Island and GCT Bayonne in the Port of New York and New Jersey. This move strengthens CMA CGM Group’s footprint in the U.S., which includes the January acquisition of Fenix Marine Services terminal at the Port of Los Angeles, and complements the company’s “portfolio of five terminal assets” in the…
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