WASHINGTON -- Japanese and South Korean shipyards may see a surge in U.S. orders beginning in 2025 if a bill proposed by a bipartisan group of U.S. House and Senate members becomes law.
Supply Chain
Japan, South Korea see potential surge in U.S. shipbuilding orders
Legislation allows foreign-built commercial ships to counter China merchant fleet
Workers walk into a ship under construction at Hyundai Heavy Industries' shipyard in Ulsan, South Korea. U.S. lawmakers want to tap Korean shipbuilding capacity to catch up with China. © Reuters
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