Why America wants ship builders from South Korea and Japan

WorldBusiness & Finance
18 Aug 2025 • 2:08 AM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

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  • US Senators Tammy Duckworth and Andy Kim are visiting South Korea and Japan to explore boosting American shipbuilding capabilities.
  • The trip aims to examine potential joint ventures with leading shipbuilders in the region to construct and repair non-combatant vessels for the US Navy and attract investment to American shipyards.
  • This initiative addresses concerns that the United States significantly lags behind China in naval shipbuilding capacity, with US commercial shipbuilding accounting for only 0.1% of global capacity compared to China's 53%.
  • Discussions will focus on auxiliary vessels and the possibility of repairing US ships in the Indo-Pacific, as current US capacity is aging and insufficient.
  • Recent developments include South Korea's Hanwha Ocean completing maintenance for a US Navy ship and South Korea proposing a $150 billion investment in the US shipbuilding industry to support Donald Trump's initiative.

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