Resource title

SIC 3731 Ship Building and Repairing - Description, Market Prospects, Industry History

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Thanks in large part to President Clinton's five-point national shipbuilding initiative, the shipbuilding industry achieved a remarkable turnaround during the mid-1990s. However, in recent years virtually all merchant tonnage built in American shipyards was destined for domestic customers under a subsidy program or under the protection of the Merchant Marine Act of 1920 (the Jones Act), which specifies that all inter-coastal traffic must move in U.S.-built vessels.

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en

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text/html

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http://www.referenceforbusiness.com/industries/Transportation-Equipment/Ship-Building-Repairing.html

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Copyright © 2011 Advameg, Inc.