Japan plans to restore the shipbuilding sector by improving local skills and enhancing relationships with the United States. This initiative, explained in the “big-boned policy,” includes funds for new shipbuilding docks, the restoration of unused dockyards and the introduction of new ships powered by clean energy such as blue ammonia. Because shipbuilding offers benefits for civilians as well as the military, the Economic Security Promotion Law will support this revival.
Key Highlights:
Since China supplies 70% of the world’s ships and does most of the repair work, Japan seeks to use fewer of their shipbuilding materials. The government is helping Japanese firms set up facilities in overseas locations and begin international operations. Officials are examining the idea of setting up a revival fund to support joint projects in blue ammonia shipping, vehicle carriers and dockyard building in the U.S.
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Japan is planning to use its partnership in shipbuilding to help secure a positive outcome in discussions about U.S. tariffs. The Trump administration has started to impose fees on Chinese vessels that approach U.S. ports, as it shares the same aims.
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