Manufacturing News and Headlines

Here’s How Much Shipowners Have Saved up to Invest in US-Built Tonnage

U.S. shipowners and domestic shipyards have set aside roughly $2.59 billion in tax‑deferred Capital Construction Funds earmarked for new U.S.-built vessels, according to the Trump administration’s Maritime Action Plan. The plan touts the accounts as a successful incentive mechanism designed to channel private capital into American shipbuilding. These funds sit in special accounts that can be drawn down without immediate tax liability, effectively creating a pool of dry‑powder for future investments. The White House highlighted the figure as evidence of growing confidence in the U.S. maritime manufacturing sector.