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MASGA strategy a panacea for ship designers?
5th May 2026
Rejuvenating US shipyards is a major challenge, but offshore could prove the catalyst (pictured: Vessels alongside at General Dynamics NASSCO shipyard - credit: US Navy)
The Hanwha Group’s brave move to buy into an old-fashioned US shipyard that needs a vast capital commitment may prove to be an astute strategy.
Overseas companies must still operate within the constraints of the US Jones Act but many developers have set up US subsidiaries to procure a share in widescale fleet replacement and offshore wind development.
The Make American Shipbuilding Great Again (MASGA) project could yet show