Not positive this is where this belongs, but I couldn’t find another thread on this, so I figured I would try it here.
TLDR: The US is looking to expand its merchant fleet and its merchant shipbuilding capacity in response to the dominant position that Chinese shipbuilding is coming into in the maritime shipping industry. They are doing this through a number of initiatives:
1. They are establishing a National Shipping Strategy overseen by both a new Shipping Czar and a Shipping Board to try and avoid the neglect that has led to the slow decline in American shipping and ship building capacity.
2. They are expanding the fleet by about 250 ships over the next ten years (the current fleet is just over 200).
3. Expanding shipyard capacity through a 25% investment tax credit geared towards modernization of shipyards.
4. Expanding the workforce by streamlining the merchant marine credentialing process and investing in the Merchant Marine academies.
5.Investment in Next Generation Innovation to keep up with and possibly push the new propulsion technologies that are being required by GHG emission requirements from the International Maritime Organization.
I do recommend watching the video if you want more detail.
TLDR: The US is looking to expand its merchant fleet and its merchant shipbuilding capacity in response to the dominant position that Chinese shipbuilding is coming into in the maritime shipping industry. They are doing this through a number of initiatives:
1. They are establishing a National Shipping Strategy overseen by both a new Shipping Czar and a Shipping Board to try and avoid the neglect that has led to the slow decline in American shipping and ship building capacity.
2. They are expanding the fleet by about 250 ships over the next ten years (the current fleet is just over 200).
3. Expanding shipyard capacity through a 25% investment tax credit geared towards modernization of shipyards.
4. Expanding the workforce by streamlining the merchant marine credentialing process and investing in the Merchant Marine academies.
5.Investment in Next Generation Innovation to keep up with and possibly push the new propulsion technologies that are being required by GHG emission requirements from the International Maritime Organization.
I do recommend watching the video if you want more detail.
statistics: Posted by ArtosStark — 2:34 PM - Today — Replies 5 — Views 44