"People, Product, and Performance: The Strengths of Shipbuilding"
(See M. Toner, pp. 20-23, February 2006 and N. Matcheck, pp. 6-7, March 2006 Proceedings)
Chief Engineering Officer Nelson M. Sherwood, Jr., U.S. Merchant Marine (Retired)-With all due respect, I think Ensign Matcheck needs to gain some experience and knowledge of the maritime industry.
The reason U.S. shipyards haven't been able to compete in the global market is because most nations of the industrialized maritime world heavily subsidize their shipbuilding industry, and the United States does not. Without the subsidies, there is no appreciable difference in shipbuilding cost anywhere in the world.
Those countries use subsidies for both political and economic reasons. They consider it worth the money to encourage their shipping companies to replace ships every five to nine years so they can keep their workers employed and off the dole. This also helps them to maintain a base of skilled labor, which has obvious benefits to their industrial base as a whole.