Port of Savannah Wins Approval for $2.3 Billion Container Terminal
Georgia Ports has secured federal approval for a $2.3 billion container terminal that will add 3.5 million TEUs of capacity at the Port of Savannah.
Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain January 20, 2023. REUTERS/Jon Nazca/File Photo
By Louise Rasmussen
COPENHAGEN, April 29 (Reuters) – Maersk MAERSKb.CO said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsizing some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.
German container carrier Hapag-LloydHLAG.DE last week said that its customers had cancelled 30% of shipments to the United States from China, spooked by the trade conflict between the world’s two largest economies.
Maersk said its customers with shipments out of China to the United States were taking different approaches to deal with the uncertainty.
“Some continue as planned, others look to ship to or from other markets while a third category choose to postpone shipments storing them at origin in anticipation of a future resolution to the situation,” the company said in a statement.
(c) Copyright Thomson Reuters 2025.
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