Page 22: of Marine News Magazine (November 2024)

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Column

Shipbuilding

Rarely do we hear reports of South Korea’s military deliveries problem and can only be solved by offering new job descrip- or contracts. Global capacity concerns are not limited to the tions to meet the new generational digital and AI interests.

U.S industry. South Korea is also concerned with the rise of The pandemic and current geopolitical events of the

Chinese commercial shipbuilding to levels never before wit- past three years are driving many of these conversations. nessed. With that, they are looking at opportunities outside It ranges from terrorism in the Red Sea to military activity of Korea, and the level of contract price of both domestic in the Far East. Similar geopolitical events in