With demand forecasts flat and political uncertainty mounting, U.S. Gulf oil and gas producers are holding back on new investments. Drilling and vessel utilization are expected to decline in 2025.
After decades of disappointment, America’s conventional shipbuilding industry has been slow to act upon the array of pro-shipbuilding initiatives flowing out of Washington.
Trump’s push to restore U.S. shipbuilding sparks optimism, but workforce shortages threaten growth. Industry leaders urge national investment in talent.
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