The Trump administration on Friday released a Maritime Action Plan aimed at rebuilding the United States shipbuilding industry and strengthening the maritime sector.
The plan sets out a strategy to revive domestic ship construction, which has declined significantly since the Second World War and now lags behind China and other countries.
The document, which runs to more than 30 pages, outlines measures to expand US-built and US-flagged commercial vessels, reform maritime workforce training, reduce regulatory burdens and create new investment-focused maritime zones.
Part of the funding is expected to come from port fees on cargo delivered to the United States on ships built in China. These levies, which had been agreed between the US and China, have been paused for one year.
According to the administration, the plan proposes the creation of “maritime prosperity zones” to encourage private sector investment.
It also calls for changes to education and workforce development programmes to strengthen skills across the maritime industry.
A key feature of the proposal is the establishment of a Maritime Security Trust Fund. This would create a dedicated funding stream
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