"Invest in America": US invite South Korea to build a shipyard

The United States has a significant shortage of personnel in the ship's industry, so since November 2023 the New Marine State program has been launched. It involves the involvement of foreign companies, including through subsidies. The Minister of the Navy Carlos Del Toro, during a visit to South Korea, offered two largest shipbuilding companies to create their offices in the United States. About it reports Breaking Defense.

During the recent trip, Del Toro had a meeting with Hanwha Ocean and HD Hyundai Heavy Industries. Discussions focused on involved Korean investments in shipbuilding objects in the United States. "During each of these measures, I opened a simple but important opportunity to invest in America.

I was extremely satisfied with the strong interest expressed by the leaders of each of these world -class shipbuilders, in the creation of subsidiaries in the United States and investing in shipyards in the United States," Said Del Toro. The Minister's visit is part of the New Marine State initiative, some of which are aimed at attracting shipbuilders from the US countries in the US industrial defense base.

The position of Minister of the Navy provides the ability to subsidize certain ship companies if the ship has a double purpose both commercial and military. He cited an example that if the US is worth building a ship costs $ 100 million and there are 80 million abroad, the US could offset $ 20 million.

"We will become a shipbuilder who will contribute not only to the development of the Navy of the Republic of Korea and the Navy of the Philippines, but also to the development of the US Navy Fleet," HD Hyundai said. Del Toro called Korean manufacturers leading and creating industrial standards. We will remind, on January 12 the media wrote that the US delayed the construction of new frigates due to labor deficiency.