President Trump Signs Memorandum Allowing Foreign Shipyards to Build Two U.S. Ships Per Year

More good news for Korea’s shipbuilding industry:

U.S. President Donald Trump on Thursday signed a national security memorandum permitting foreign shipbuilders to build up to two ships in their parent shipyards for delivery to the United States, as the U.S. seeks to rebuild its Navy and shipbuilding industrial base.

The memorandum came as the U.S. is stepping up shipbuilding cooperation with Korea, which has committed to investing $150 billion in the U.S. shipbuilding sector as part of a total $350 billion investment pledge under last year’s bilateral trade and investment deal.

Korea Times

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