Is Trump’s obsession with a US shipbuilding renaissance laudable, or a futile quest?
- President Donald Trump announced yesterday to bring shipbuilding ‘home to America, where it belongs’
- He has vowed to create a new office of shipbuilding in the White House
- With newbuilding contract pricing at least five times that of Chinese shipyards financial incentives will have to be considerable
On an international level, American merchant shipbuilding has been out of the picture since the 1980s, but president Trump has ambitions to build it up again