House Foreign Affairs Committee Ropes In Japan, South Korea as Solution to U.S. Shipbuilding Woes

House Foreign Affairs Committee Ropes In Japan, South Korea as Solution to U.S. Shipbuilding Woes

The U.S. is the world’s No. 1 exporter of liquefied natural gas. It has two new LNG tankers under construction, or under firm order, in the Philadelphia Shipyard. The builder is Hanwha Ocean, a South Korean shipbuilder. No U.S. company has built an LNG tanker since 1980 – that’s the Virginia-based General Dynamics built LNG tanker named “Abuja.” For this reason, the House Foreign Affairs Committee seems committed to counting on Japan and South K…

Moran, Kelly Introduce Legislation to Rebuild U.S. Shipbuilding and Counter China

Congressman Nathaniel Moran (TX-01) and Congressman Mike Kelly (PA-16) introduced the American Shipyard Investment Act to rebuild America's shipbuilding industrial base. This legislation reverses the decades-long decline of America’s shipbuilding industrial base by creating a targeted investment tax credit for shipyard construction and expansion. “America’s ability to project