China’s fleet of warships is eclipsing the U.S as it is now the top global shipmaker by a wide margin. As tensions grow with Beijing, the U.S. looks to South Korea, one of its biggest allies in Asia, to help increase its battleship supply. Hyundai Heavy Industries is a leader in shipbuilding in South Korea and will soon start training engineers in the U.S. in hopes of building ships cheaper and more efficiently.
WSJ explains China’s rise in shipbuilding and why the U.S. is turning to South Korea for help.
Chapters:
0:00 South Korea’s shipbuilding
0:43 Why U.S. shipbuilding is behind
1:39 Where South Korea comes in
3:45 Courting foreign shipbuilders
4:55 Tensions over Taiwan
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