Anonymous ID: b2fdc5 March 7, 2025, 5:02 a.m. No.22719058   🗄️.is 🔗kun

>>22719048

That's nice Mitch

Thanks for the CPS number Mitch

Think they'll send VBPD out to talk to you today Mitch?

Anonymous ID: b2fdc5 March 7, 2025, 5:25 a.m. No.22719159   🗄️.is 🔗kun   >>9179 >>9335 >>9563 >>9613

>>22719134

boatfag confirms

 

CMA CGM Announces Massive $20 Billion Investment in U.S. Maritime Industry

Mike Schuler March 6, 2025

 

French shipping giant CMA CGM Group has unveiled a landmark $20 billion investment plan to strengthen America’s maritime transportation, logistics, and supply chain capabilities over the next four years.

 

CMA CGM Group operates in 40 U.S. states, employs 15,000 Americans, and handles over 5 million shipping containers annually in U.S. trade. The company has maintained a strong presence in the United States for 35 years through its ownership of American President Lines (APL), which provides US-flagged ocean shipping services.

 

The strategic investment aims to create 10,000 new American jobs while strengthening U.S. shipbuilding capabilities and maritime resources. The initiative will reinforce APL’s position as the leading carrier for U.S. government cargo transportation while ensuring reliable ocean access for America’s economic and national security interests.

 

Rodolphe Saadé, Chairman and CEO of CMA CGM Group, emphasized the company’s commitment to American maritime infrastructure, stating, “Over the next four years, we will significantly grow our U.S.-flagged fleet, expand the capacity of key container ports on both coasts, develop state-of-the-art warehousing across the country, and establish a significant air cargo hub in Chicago.”

 

Saadé met with President Trump in the Oval Office on Thursday, where he teased a potential investment in shipbuilding, with full details to be released in the “coming weeks.”

 

“We’re also looking at investing in shipbuilding of container vessels. We would also like to increase our U.S. flag vessels from 10 to 30 ships,” he said.

 

It’s important to note that APL no longer participates in the U.S. Jones Act trade. However, CMA CGM could expand its U.S.-flagged fleet by registering either newbuild or existing ships built outside the United States to the U.S.-flag.

 

Rodolphe Saadé, Chairman of shipping giant CMA CGM: "We are very enthusiastic until this big announcement today. We are investing $20 billion in shipping and logistics. This means the creation of 10,000 new American jobs." pic.twitter.com/2ldP4yTRON

— Rapid Response 47 (@RapidResponse47) March 6, 2025

 

According to CMA CGM, the investment plan encompasses several key initiatives:

 

Maritime Infrastructure Development: The Group will enhance port infrastructure in strategic locations including New York, Los Angeles, Dutch Harbor, Houston, and Miami. These improvements will boost operational efficiency, digital connectivity, and cargo safety.

 

Air Cargo Expansion: A new hub in Chicago will feature five Boeing 777 freighters operated by American pilots, strengthening the nation’s air cargo capabilities and ensuring reliable transportation of time-sensitive goods.

 

Innovation and Research: A new logistics R&D hub in Boston will focus on advanced robotics and automation solutions, developed in partnership with American technology companies.

 

CMA CGM’s announcement said the investment will involve the development of state-of-the-art warehousing and automotive logistics platforms nationwide, seeking to enhance the security and reliability of domestic supply chains.

 

The investment is particularly significant given CMA CGM’s position as the world’s second-largest ocean carrier, holding 12% of global container shipping capacity. According to Alphaliner, the company is poised to surpass Maersk in TEU capacity based on its current order book.

 

The comprehensive investment strategy follows President Trump’s recent announcement of initiatives to bolster domestic shipbuilding, including the creation of a White House office of shipbuilding and new tax incentives for domestic shipbuilders. A corresponding executive order is in development.

 

CMA CGM’s announcement also come amid a new U.S. Trade Representative proposal targeting Chinese maritime operations with substantial port fees of up to $1 million per U.S. port call for Chinese-operated vessels and up to $1.5 million for Chinese-built vessels. The plan also includes additional port fees for operators based on the percentage of their order book that is placed at Chinese shipyards.

 

Notably, both CMA CGM and APL operated Chinese-built ships. According to a recent analysis by Alphaliner, CMA CGM operates 274 ships constructed in China and has 52% of its order book placed at Chinese shipyards.

 

CMA CGM also participates in a vessel-sharing alliance called OCEAN Alliance with several Asian shipping lines, including China’s COSCO. Last week, CMA CGM cautioned that U.S. port fees on China-built ships would significantly impact all shipping companies.

 

The USTR’s proposal further introduces a progressive cargo preference requirement, mandating that U.S. exports gradually shift to U.S.-flagged vessels – from 1% immediately to 15% within seven years.

 

In 2023, CMA CGM acquired two key container terminals at the Port of New York and New Jersey, expanding the French shipping company’s terminal footprint in the United States to seven facilities. The acquisition marks CMA CGM’s latest expansion in the U.S. following a 2021 deal to buy back its 90% stake in the Fenix Marine Services (FMS) terminal at the Port of Los Angeles. The company had previously sold the stake in 2017, at less than half the value, to help fund its takeover of Singapore’s Neptune Orient Lines (NOL).

 

https://gcaptain.com/cma-cgm-announces-massive-20-billion-investment-in-u-s-maritime-industry/

Anonymous ID: b2fdc5 March 7, 2025, 5:35 a.m. No.22719216   🗄️.is 🔗kun   >>9335 >>9563 >>9613

Shipping Firms Pull Back from Hong Kong to Skirt US-China Risks

Reporting by Greg Torode and Jonathan Saul Reuters March 6, 2025

 

HONG KONG/LONDON, March 6 (Reuters) – Some shipping companies are discreetly moving operations out of Hong Kong and taking vessels off its flag registry. Others are making contingency plans to do so.

 

Behind these low-profile moves, six shipping executives said, lie concerns that their ships could be commandeered by Chinese authorities or hit with U.S. sanctions in a conflict between Beijing and Washington.

 

Beijing’s emphasis on the role of Hong Kong in serving Chinese security interests and growing U.S. scrutiny of the importance of China’s commercial fleet in a possible military clash, such as over Taiwan, are causing unease across the industry, the people told Reuters.

 

The U.S. Trade Representative’s office last month proposed levying steep U.S. port fees on Chinese shipping companies and others that operate Chinese-built vessels, to counter China’s “targeted dominance” of shipbuilding and maritime logistics.

 

USTR’s $1.5M Port Fee Proposal on Chinese Ships Sparks Industry Confusion Over Critical Definitions

 

Washington in September warned American businesses about growing risks of operating in Hong Kong, where the U.S. already applies sanctions against officials involved in a security crackdown.

 

Hong Kong for more than a century has been a hub for shipowners and the brokers, financiers, underwriters and lawyers supporting them. Its maritime and port industry accounted for 4.2% of GDP in 2022, official data show.

 

The city’s flag is the eighth most-flown by ships worldwide, according to VesselsValue, a subsidiary of maritime data group Veson Nautical.

 

Reuters interviews with two dozen people, including shipping executives, insurers and lawyers familiar with Hong Kong, revealed growing concern that commercial maritime operations could be ensnared by forces beyond their control in a U.S.-China military clash.

 

Many pointed to China’s intensified focus on national security objectives; trade frictions; and the broad powers of Hong Kong’s leader, who is accountable to Beijing, to seize control of shipping in an emergency.

 

“We don’t want to be in a position where China comes knocking, wanting our ships, and the U.S. is targeting us on the other side,” said one executive, who like others was granted anonymity to discuss a sensitive issue.

 

The concerns of shipowners and their actions to curb exposure to Hong Kong have not been previously reported. The perceptions of risk have grown in recent years, coinciding with a tightening security climate in the Chinese-ruled city and tensions between the world’s two largest economies.

MERCHANT FLEET

 

Hong Kong’s shipping registry is widely regarded for its safety and regulatory standards, executives and lawyers say, allowing its ships to pass easily through foreign ports. Hong Kong’s flag is now flown by many of China’s state-owned international vessels.

 

In a conflict, these tankers, bulk carriers and large container vessels would form the backbone of a merchant fleet serving the People’s Liberation Army to supply China’s oil, food and industrial needs, according to four security analysts and PLA military studies.

 

By contrast, the U.S. has a small commercial shipbuilding industry and far fewer ships under its flag.

 

While China’s state-owned fleet is growing in size, it would be a target for the U.S. in a military clash, and Beijing would likely require other vessels to ensure supplies given its vast needs and reliance on international sea lanes, three analysts said.

 

Strategic maritime operations have surfaced on President Donald Trump’s radar. In his inauguration speech in January, Trump threatened to “take back” the Panama Canal, which he said had fallen under Chinese control.

 

He did not give specifics, but Trump’s remarks focused attention on two Panama ports operated by a subsidiary of Hong Kong conglomerate CK Hutchison Holdings 0001.HK. The group, which didn’t respond to questions about Trump’s comments, agreed this week to sell a majority stake in the subsidiary to a consortium of investors led by BlackRock BLK.N, giving U.S. interests control over the ports.

 

Trump told Congress on Tuesday that his administration will create an office of shipbuilding in the White House and offer new tax incentives for the sector.

 

A U.S. congressional study in November 2023 stated that “cargo ships typically transport 90% of the military equipment needed in overseas wars”. It noted that Chinese shipyards had 1,794 large oceangoing ships on order in 2022, compared with five in the U.S.

 

Merchant vessels were vital in Britain’s long-range mission to retake the Falkland Islands from Argentina in 1982. And UK-flagged commercial ships operating out of Hong Kong – many owned by local firms dependent on or controlled by China – supplied communist Hanoi during the Vietnam War, frustrating the U.S., declassified CIA documents show.

 

The need for a strong Chinese merchant fleet to help build China’s maritime power was outlined by President Xi Jinping in a Politburo study session in 2013.

 

Over the last decade, Chinese government and military documents and studies have highlighted the dual-use military value of China’s merchant ships.

 

Regulations enacted in 2015 required Chinese builders of five types of commercial vessels – including tankers, container ships and bulk carriers – to ensure they could serve military needs, according to state media.

 

Since then, the state-owned COSCO line has grown significantly.

 

Public COSCO documents show China is placing political commissars – officers who ensure Communist Party goals are ultimately served – on nominally civilian ships.

 

In January, the U.S. blacklisted COSCO subsidiaries for what it said were links to the Chinese military.

 

COSCO did not respond to questions about its deployment of commissars, the U.S. restrictions and what role the company’s ships, including Hong Kong-flagged ones, might play in a wartime scenario.

 

More:

https://gcaptain.com/shipping-firms-pull-back-from-hong-kong-to-skirt-us-china-risks/