<\/p>\n
The U.S. has unveiled a concrete blueprint to rebuild its shipbuilding industry by leveraging allied shipyards, including those in South Korea and Japan. The funding required for this shipbuilding revival will be generated by imposing entry fees on all foreign-made merchant ships entering the U.S. While the domestic shipbuilding industry sees this as an opportunity to access a massive market, it also comes with the challenge of rapidly advancing local investments and technology transfers.<\/p>\n
The U.S. government formalized this \u2018bridge strategy\u2019 in its \u2018America\u2019s Maritime Action Plan,\u2019 published on the White House\u2019s official website on the 13th, local time. The strategy involves initially ordering multiple vessels from allied shipyards while simultaneously investing in and modernizing U.S. shipyards, with the goal of transitioning remaining orders to domestic production. This approach reflects the dire reality of the U.S. shipbuilding industry, which holds less than 1% of the global market share.<\/p>\n
The domestic shipbuilding sector expresses cautious optimism. The plan could circumvent the \u2018Jones Act\u2019 and the \u2018Burns-Tollefson Amendment,\u2019 which previously blocked access to the U.S. shipbuilding market by prohibiting the construction of merchant ships and U.S. Navy vessels in foreign shipyards. A source from the domestic shipbuilding industry stated, \u201cThis could be an opportunity to secure profitability by utilizing our infrastructure and technological capabilities while entering the North American market.\u201d U.S. naval vessel construction costs are known to be 3 to 4 times higher than those in South Korea. However, critics warn that the strategy could act as a \u2018double-edged sword,\u2019 as it requires swiftly transferring South Korea\u2019s technological competitiveness to the U.S., including modernizing shipyards and training personnel.<\/p>\n
The plan also includes establishing a \u2018Maritime Security Trust Fund\u2019 to finance the U.S. shipbuilding revival. It proposes imposing a \u2018universal fee\u2019 of 1 to 25 cents per kilogram of cargo on all foreign-built commercial ships entering U.S. ports, aiming to raise up to 1.5 trillion dollars (approximately 2.17 quadrillion Korean won). A source from the shipping industry remarked, \u201cGiven that 99% of the world\u2019s merchant ships are built outside the U.S., this is effectively a maritime tariff,\u201d adding, \u201cIt will inevitably increase logistics costs for U.S. exporters.\u201d
Source: The Chosun Daily<\/p>\n
<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" … blueprint to rebuild its shipbuilding<\/span> industry by leveraging allied … market share. The domestic shipbuilding<\/span> sector expresses cautious optimism. … cents per kilogram of cargo<\/span> on all foreign-built … ). A source from the shipping<\/span> industry remarked, \u00e2\u0080\u009cGiven that …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-95553","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/95553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=95553"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/95553\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=95553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=95553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=95553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}