Washington DC, March 7 -- President Donald Trump said the French-based CMA CGM, one of the largest shipping companies in the world, will invest USD 20 billion into America's shipping and logistics sector thereby creating approximately "10,000 new jobs in the US."

This massive investment will go toward building out shipping, logistics, infrastructure, and terminal expansion, which will create an "estimated 10,000 new jobs in America," he told the reporters in the Oval Office on Thursday.

"Today we're delighted to be joined by Rudolf Saade, the chairman and CEO of CMA CGM, one of the largest shipping companies in the world, probably number two in the world. Probably going to be number one in the not-too-distant future, knowing him. They e...