Prospects in shipbuilding for South Korea and Japan amid the US and China scrutiny
8 May 2024 — Following the recent investigation by the US into alleged unfair Chinese economic practices in shipbuilding and maritime logistics, the dynamic of the global maritime industry is expected to shift. This action could inadvertently provide an opportunity for South Korean and Japanese producers.
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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.
On June 5, 2024, this topic was revisited by 한국경제신문 (The Korean Economic Daily). The published article reemphasized the insights provided by Reddal, highlighting the increased opportunities for Korean and Japanese shipbuilders within the shipbuilding industry amid the ongoing scrutiny by the US and China.
The article is available in Korean via 美, 中조선업 무역제재 추진…한·일은 기회?
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
