Prospects in shipbuilding for South Korea and Japan amid the US and China scrutiny

CEO interviews Strategy Turnaround and transformation

8 May 2024 — Following the recent investigation by President Joe Biden into alleged unfair Chinese economic practices in shipbuilding and maritime logistics, the dynamic of the global maritime industry is expected to shift. This action, intended to support US shipbuilders, could inadvertently provide an opportunity for South Korean and Japanese producers to strengthen their market position against increasingly competitive Chinese rivals.

Prospects in shipbuilding for South Korea and Japan amid the US and China scrutiny
Author
Kun Cao
Kun CaoSenior Manager

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Kun Cao, Senior Manager at Reddal, shared further insights on China's marine sector with Financial Times in a recent interview, expanding from previous conversations on the topic. The discussion specifically followed President Biden's probe into China's maritime industry and its ramifications for other major players, including South Korea and Japan, within the industry.

The original article was published by Financial Times on May 06, 2024 and can be accessed here: Joe Biden’s China probe throws lifeline to South Korean and Japanese shipyards.

For more Reddal Insights on the marine industry, please refer to past articles around the topic at https://www.reddal.com/insights/tags/marine-industry/.

Tags
Marine industry, China, South Korea, Japan