America is today perilously reliant on China for shipbuilding and shipping, as allies South Korea and Japan—the second and third-leading shipbuilders—fight to keep shrinking market share. Given the strategic risk posed by a maritime industry dominated by a hostile China, President Trump used his recent Asia trip to secure shipbuilding commitments in the U.S.—$6.5 billion from Japan and $150 billion from South Korea. – Brent Sadler
The WFEA Morning Update





