Discuss the state of US shipbuilding. Where are we compared to other countries?

Expert Solution

Shipbuilding consists of building ships and other floating vessels. This usually happens in a specialized building known as a shipyard. Shipbuilding and ship repairs, commercial as well as military, are classified as "naval engineering." Boat construction is a related practice to Boat building.

Today, America rates the world's nineteenth for commercial shipbuilding, accounting for around 0.35 per cent of global new construction. 3 In other words, only one third of one per cent of new commercial shipbuilding is taking place in the United States, given the fact that we are the largest economy in the world.

The US marine industry is essentially very different from Europe, Japan and Korea. It's a really different business. The countries developed most modern shipping fleets today and are competing in an international market for orders. The US will not do so.

Large ships are designed by Huntington Ingalls Industries at Newport News Naval Shipyards (Newport News Shipbuilding) and small ships are designed by General Dynamics at Bath Iron Works, Maine.

Please like the solution if it is helpful. Thank you.

Rahul Sunny answered 7 months ago

Think of some firms with HQs in countries other than the US, and discuss how they...

Think of some firms with HQs in countries other than the US, and discuss how they entered the US and how they manage their marketing globally. Let's focus on B2B.

How is the productivity of the United States compared to other countries in the world? Are...

How is the productivity of the United States compared to other countries in the world? Are we still a leader in productivity?

compare healthcare cost in the US with any other that of other countries. What are the...

compare healthcare cost in the US with any other that of other countries. What are the advantages and disadvantages of the various healthcare system?

Accounting for pensions receives more attention in the United States (US) than in other countries. Discuss...

Accounting for pensions receives more attention in the United States (US) than in other countries. Discuss reasons that would explain why pension accounting has less emphasis in many foreign countries than the US.

If a nation's interest rates steadily increases compared to those of other countries, then the exchange...

If a nation's interest rates steadily increases compared to those of other countries, then the exchange rate of its currency will tend to appreciate as the demand for its currency decreases. depreciate as the demand for its currency increases. appreciate as the demand for its currency increases. depreciate as the demand for its currency decreases.

Is inequality necessary? Is it good? Describe economic inequality in America. Compared with other countries or...

Is inequality necessary? Is it good? Describe economic inequality in America. Compared with other countries or with the United States in the past, how unequal is the distribution of income? Who is rich and who is poor ? Are there demographic differences between rich and poor Americans? Should we equalize income for all Americans? Explain the utilitarian and Rawlsian arguments for egalitarian social policies. Should we equalize income for all Americans? Explain alternative arguments against egalitarian policies, such as natural...

how many banks does the United States have compared to other countries? That is, many more...

how many banks does the United States have compared to other countries? That is, many more or far fewer? Briefly, what factors explain the great disparity?

Outsourcing refers to the transfer of manufacturing and other tasks to countries where labour and supplies...

Outsourcing refers to the transfer of manufacturing and other tasks to countries where labour and supplies are less expensive. Ture or false

a- Select a country of your choice ( other than US, SAUDI ARABIA , EUROPEAN COUNTRIES,...

a- Select a country of your choice ( other than US, SAUDI ARABIA , EUROPEAN COUNTRIES, UK,GCC countries) b- Describe the nature of Ex-Change rate arrangements adopted (FIXED/FLEXIBLE/MANAGED FLOAT OR ANY OTHER) c-Track the history of the country’s currency with USD for the past 1 YEAR and note the 52-week average. Examine (appreciation or depreciation) the performance of the currency against USD . d- Examine reasons behind the currency's performance and its impact of the currency's performance on the overall...

Identify and explain key US accounting practices / disclosures that are different from other countries

Question