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Trump hails $20 billion investment by shipping firm CMA CGM

CMA CGM Group will invest $20 billion in the United States to improve shipbuilding infrastructure, as announced by President Donald Trump on March 6.
The investment aims to create approximately 10,000 new jobs and will support various U.S. Ports and terminals, according to Trump's statement.
CMA CGM Chairman Rodolphe Saadé expressed enthusiasm for the investment, planning to grow their U.S.-flagged fleet from 10 to 30 ships.
Trump emphasized the need to revive the U.S. Shipbuilding industry, noting that 'we used to build a ship a day, and now we essentially don’t build ships.

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Key West Citizen

+58 Reposted by 58 other sources

US shipbuilders, a shadow of what they were, welcome Trump's support

Shipbuilding has been in steady decline in the US since the end of the Cold War but some in the industry now hope for a revival of the sector, as was promised last week by President Donald Trump.

2 days ago·Key West, United States

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Key West Citizen

+58 Reposted by 58 other sources

US shipbuilders, a shadow of what they were, welcome Trump's support

Shipbuilding has been in steady decline in the US since the end of the Cold War but some in the industry now hope for a revival of the sector, as was promised last week by President Donald Trump.

2 days ago·Key West, United States

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RedState

Trump Wins Again: Major Shipping Concern Announces $20 Billion Investment in US

1 day ago·Washington, United States

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American Greatness

Build, Build, Build—Trump’s Strategy to Make America a Maritime Nation Once Again › American Greatness

On Saturday, July 13, 2024, at a rally in Butler, Pennsylvania, President Trump arose from being shot at by an assassin’s bullets with his right fist raised…

1 day ago·United States

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Staten Island Advance

Trump: Operator of Staten Island shipping terminal to invest $20B in U.S. maritime industry

STATEN ISLAND, N.Y. -- One of the world’s largest shipping companies, which operates a major port right here on Staten Island, will invest billions of dollars in the country’s maritime industry in coming years.

3 days ago·Richmond County, United States

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Patriot Journal

Trump Announces Company @will Invest $25 billion for US Infrastructure

America once ruled the waves. Our shipyards hummed with activity. Steel met steel as American workers crafted vessels that carried our goods across oceans. Those... The post Trump Announces Company @will Invest $25 billion for US Infrastructure appeared first on Patriot Journal.

3 days ago

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Straight Arrow News

French shipping giant CMA CGM invests $20 billion in US

French shipping giant CMA CGM announced a $20 billion investment in U.S. infrastructure. The investment will triple its U.S.-flagged fleet, upgrading port facilities and establishing a new airfreight hub in Chicago, creating 10,000 new jobs. The investment aligns with President Donald Trump's efforts to reduce China's dominance in global logistics, as CMA CGM aims to support the transformation of America's domestic supply chain. The announcement…

3 days ago

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