SECNAV Del Toro Meets with Wisconsin Governor, Michigan Cabinet, and Leadership of Fincantieri Marinette Marine

April 17, 2024

Secretary of the Navy Carlos Del Toro and senior members of his staff met with Wisconsin Governor Tony Evers, members of Michigan Governor Gretchen Whitmer’s cabinet, and the leadership of Fincantieri Marinette Marine to coalesce federal, state, and local initiatives to ensure timely completion and delivery of the Constellation-class frigate.

SECNAV Del Toro Meets with Wisconsin Governor, Michigan Cabinet, and Leadership of Fincantieri Marinette Marine

Previously:

Constellation Frigate Delivery Delayed 3 Years, Says Navy

‘Desperate’ US Seeks Japan’s & South Korea’s Help To Restart Its Defunct Shipyards; Keep Pace With China

Trump and Biden, Republicans and Democrats all agree: affordable Chinese cars should be banned

Trump and Biden, Republicans and Democrats all agree: affordable Chinese cars should be banned

Related:

Trump’s attacks on Chinese cars strike a chord — with both parties

“Ohio knows all too well how China illegally subsidizes its companies, putting our workers out of jobs and undermining entire industries from steel to solar manufacturing,” Brown said in a statement. “We can’t wait for China to run this same playbook in the auto industry — we need strong rules, including but not limited to tariffs, to stop a flood of Chinese electric vehicles that threaten Ohio auto jobs.”

He said the average price gap between a Chinese vehicle and its U.S.-made counterpart ranges from 44 percent to 179 percent. “That is a massive gap,” the executive said. “Tariffs alone aren’t going to take care of that.”

Reuters: Mexico yields to US pressure on incentives for Chinese car makers

He said that such incentives have declined during the government led by President Andrés Manuel López Obrador, who took office in late 2018, although they have been offered to large investors such as Audi.

Hypocrisy, Thy Name is the United States:

Read More »

Philippines’ ‘assertive transparency’ strategy is causing them to miss out economically

The Philippines is going all in with the United States and bracing itself against lost Chinese largesse. President Ferdinand Marcos Jnr will fly to Washington next month to attend the US-Japan-Philippines trilateral leaders’ summit. It will be his fourth visit to the US since taking office as president less than two years ago.

South China Sea: Philippines must softly manage disputes or miss out economically

Previously:

PH: Compared To China, US Trade, Investment Offers Laughable + More

SCS: The Office of Naval Research funded Stanford’s GKC

‘Desperate’ US Seeks Japan’s & South Korea’s Help To Restart Its Defunct Shipyards; Keep Pace With China

Desperate’ US Seeks Japan’s & South Korea’s Help To Restart Its Defunct Shipyards; Keep Pace With China

The US approach focuses on tapping Asian funding, engineering know-how, and shipbuilding experience to expand its shipbuilding capacity, Nikkeia Asia reported.

Emanuel said, “There’s a closed plant in Philadelphia. There’s a closed Navy shipyard in Long Beach. And there are a couple of others…We wanted to see if Mitsubishi and other Japanese companies would be interested in potentially investing and reopening one of those shipyards and being part of building Navy, commercial, and Coast Guard ships.”

Emanuel had also hinted in January this year that for US Navy warships to remain in Asian waters and be prepared for any future confrontation, the United States and Japan are attempting to reach an agreement enabling Japanese shipyards to do routine maintenance and overhauls.

Over the past 40 years, China has developed a remarkable commercial shipbuilding industry, cautioned Del Toro at an event. “We’ve lost that capability from about the 1980s when we left it open to market forces.”

The US has seen a very significant dip in its shipbuilding capacity. Nine of the 13 public naval shipyards the United States formerly had are closed. Several closed shipyards are now national parks, naval air stations, or container terminals. However, a few could be brought back for ship repair or construction.

The urgency to resuscitate these redundant shipyards stems from the threat posed by China’s massive shipbuilding industry, producing many naval vessels that could be used to project dominance in far seas and deployed against the US and its Indo-Pacific allies in the event of a conflict.

According to the latest Pentagon’s annual report to Congress on Chinese military and security developments, the Chinese Navy possesses an estimated 350 vessels, while the US Navy battle force has 293 warships.

The yawning gap of 60 hulls between the two navies is expected to grow every five years until 2035, when China will have an estimated 475 naval ships compared to 305-317 US warships. Notably, China has inducted as many as 150 warships in the last ten years.

H/T: Johnsonwkchoi

Related:

U.S. seeks to revive idled shipyards with help of Japan, South Korea – Nikkei Asia

But while quick repairs on damages suffered through deployment are allowed, like the Big Horn at Mitsubishi, U.S. law prohibits U.S.-based ships to undergo full-scale overhaul, repair or maintenance at a shipyard outside the U.S. or Guam. Changing such a law — put in place to protect U.S. jobs — may face headwinds, especially in an election year.

Both tours were led by the companies’ respective CEOs. The shipbuilders expressed “strong interest” in establishing U.S. subsidiaries and investing in shipyards in the U.S., the Navy said in a press release.

U.S. Navy ships are currently built by seven private shipbuilders, including two non-American players: Italy’s Fincantieri Marinette Marine in Wisconsin and Australia’s Austal USA in Alabama. The involvement of two international shipbuilders serves as a precedent as the Asian players contemplate entry.

Maintenance of the most sensitive nuclear-powered aircraft carriers and submarines are conducted exclusively at four public naval shipyards — in Virginia, Maine, Washington and Hawaii.

Emanuel said that when he started working for former President Bill Clinton in the early 1990s, there were 10 to 11 shipyards that built naval ships. “We’re down to seven and our work is growing. You’re not going to get the same volume out of seven that you got out of 11. You need to get back to 11 or 10.”

Tens of Thousands Forced to Flee Democratic Republic of Congo as US/Rwanda-Supported M23 Attacks Intensify (+Coltan)

Source (2nacheki)

Attacks by the Rwanda-backed M23 have led to another wave of mass displacement in the province of North Kivu. The rebel group has tried to make advances towards the provincial capital of Goma, attacking the town of Sake which lies just 25 kilometers away.

Tens of Thousands Forced to Flee Democratic Republic of Congo as US/Rwanda-Supported M23 Attacks Intensify (+Coltan)

Related:

CONGRESS: Do Not Allow Our Tax Dollars To Fund Conflict In The Congo!

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

ExxonMobil foresees profit and expansion surge fueled by Guyana, Permian advancements

With an annual total capital expenditure and exploration expense projection ranging between US$23 billion to US$25 billion, ExxonMobil is set to allocate US$22-$27 billion annually toward project spending until 2027. This includes a commitment to emerging ventures in lithium and low-carbon initiatives, with an 18% increase in spending in these areas.

Emphasizing its dedication to the energy transition, ExxonMobil’s Low Carbon Solutions division is expected to witness an increase in budget from US$17 billion to US$20 billion between 2022 and 2027, contingent upon government support.

The company plans to ramp up annual share buybacks to $20 billion by 2025, an increase from the current US$17.5 billion, following the completion of the Pioneer merger. Additionally, ExxonMobil continues its divestment strategy for refining operations.

Related:

Guayana Esequiba: Geo-economics of an Occupation

An air of bonanza has raised the projections of the Exxon Mobil corporation, which accumulated around 414 billion dollars in 2022, an unprecedented income in its history, which represents 44.8% more than the previous year. It is a gigantic increase if compared to its crisis in 2020, when its losses put its place in the stock market in jeopardy. Also from the research of that American corporation, it is said that Guyana could become “the country that produces the most barrels of oil per inhabitant in the world, surpassing Kuwait, in that case, when measuring the wealth per capita of its 800 thousand inhabitants, it would become a rich country, since in 2021 its GDP increased by 57.8% and in 2022 by 37.2%”.

Guayana Esequiba: Geo-economics of an Occupation