Joe Biden’s attempt to challenge Chinese supremacy in commercial shipbuilding will probably do little to revive US shipyards, analysts say, but it could help producers in South Korea and Japan withstand competition from Beijing.
President Biden in April opened an investigation into alleged unfair Chinese economic practices in shipbuilding and maritime logistics, a move that could lead to duties for Chinese-built ships calling at US ports.
While designed to aid US shipbuilders, the probe could boost producers in South Korea and Japan — the only two countries apart from China that still have significant commercial shipbuilding capacity — as they fight to defend their market share from increasingly sophisticated and lower-priced Chinese rivals.
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