Should the Trump administration’s proposal be implemented, capacity will have to be withdrawn from the US and redeployed to where it made more economical sense, the CEO of the world’s largest ocean carrier said.
John Bolton, who served as Donald Trump’s national security advisor from 2018-19, said China is gauging its next global moves through how the US responds to the war in the Ukraine.
The carrier’s new investment push seems to be an attempt to catch up with its peers, particularly MSC, which has dedicated terminals at Mundra and Ennore/Chennai through joint venture arrangements with Adani.