As a vessel construction manager with extended building experience in both the U.S. and South Korea, more than several opportunities have landed on our desks as Private Equity and Venture Capital analyze
As a vessel construction manager with extended building experience in both the U.S. and South Korea, more than several opportunities have landed on our desks as Private Equity and Venture Capital analyze tanker tonnage and construction in the domestic trades. With the understanding these requests are based upon the current Persian Gulf and Venezuela issues driving that market we should also pay attention to the 2027 Maritime budget that allocates $1.5 trillion dollars for overall National Security and $65.8 billion set aside for U.S. Navy Shipbuilding.
Our domestic fleet is also tagged “National Security” and there is no doubt a surge will occur in U.S. Gulf petroleum movements. The world is grasping at where and how to move product ranging from crude to jet fuel and you can bet “National Security” will be the tag line. Our domestic oil and chemical markets are not exempt from those concerns. We are deep into the global debate whether it be Persian Gulf, U.S. Gulf, Venezuela or Northwest passage. Markets and energy aside, the rhetoric is now based upon an aggressive movement to reestablish U.S Shipbuilding.
The U.S. chaos builds upon the escalating cost of gasoline products. The spike has reached into
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