Why U.S. Shipbuilding Collapsed — And The Push To Rebuild It

People are working all throughout the ship on outside, inside, electrical pipes are being ran, people are welding, cranes are putting down huge, huge pieces. At this site in Southern Philadelphia, $5 billion is being invested by South Korean shipping conglomerate Hanwha. It hopes to turn this decades old shipyard into a state of the art facility, and help the U.S. become a major shipbuilder again.China dominates the global commercial shipbuilding industry, accounting for 53% of global market share, followed ...