CMA CGM to Invest $20 Billion in U.S. Maritime Infrastructure

The French shipping giant's investment, announced by Donald Trump, aims to expand ports, create jobs, and boost American-flagged vessels.

CMA CGM, the world's third-largest container shipping company, will invest $20 billion in U.S. maritime infrastructure over the next four years.
The investment includes expanding container ports, building logistics terminals, and establishing an air cargo hub in Chicago with five new Boeing 777 cargo planes.
The initiative is expected to create approximately 10,000 new jobs in the United States, according to both CMA CGM and Donald Trump.
CMA CGM plans to increase the number of ships under the U.S. flag from 10 to 30 as part of the agreement, aligning with Trump's push for stronger domestic shipping capabilities.
The announcement comes as the Trump administration considers imposing port taxes on Chinese-built ships, a move that could impact the global shipping industry.