India, April 10 -- President Donald Trump has signed an Executive Order asking the Department of Transportation's Maritime Administration to coordinate with various stakeholders to create a Maritime Action Plan to revitalize U.S. maritime industries.
The Action Plan will provide a strategy with specific actions to restore and create sustained resiliency for the American maritime industry.
It will include key initiatives like revitalizing the U.S. Merchant Marine Academy, incentivizing domestic shipbuilding, enhancing infrastructure and capacity, growing demand for U.S. shipping, investing in maritime technology, enhancing workforce development, and strengthening maritime security.
Until now, government procurement processes and over-regu...