Which South Korean shipbuilding companies, ranked among the world's top three by compensated gross tonnage backlog, are leading global shipbuilding and set to benefit from the Make America Shipbuilding Great Again (MASGA) initiative?

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Which South Korean shipbuilding companies, ranked among the world's top three by compensated gross tonnage backlog, are leading global shipbuilding and set to benefit from the Make America Shipbuilding Great Again (MASGA) initiative?

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South Korea’s shipbuilding giants HD Hyundai Heavy Industries, Hanwha Ocean, and Samsung Heavy Industries hold the top three spots in global order backlog, positioning them to capitalize on MASGA’s $150 billion pledge to rebuild U.S. yards through joint ventures, technology transfers, and workforce training. HD Hyundai led with 8.93 million CGTs in backlog as of January 2025, followed by Samsung Heavy at 8.72 million and Hanwha Ocean at 8.49 million (). Under MASGA—coined “Make America Shipbuilding Great Again”—these firms have inked non-binding accords with U.S. shipyards to inject capital, introduce modular construction methods, and upskill American labor under Jones Act compliance (, ). Their established track records in building LNG carriers, container ships, and advanced naval platforms make them logical partners for reviving commercially and strategically vital U.S. maritime capacity.

Which South Korean shipbuilding companies, ranked among the world's top three by compensated gross tonnage backlog, are leading global shipbuilding and set to benefit from the Make America Shipbuilding Great Again (MASGA) initiative?

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