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"When my team and I went to South Korea, we were floored at the level of digitization and real-time monitoring of shipbuilding progress, with readily available information down to individual pieces of stock materials," Del Toro said.
"Their top executives could tell us to the day when ships would be delivered," he said. That's a stark difference from the US, which is facing problems with its shipbuilding capacity, labor availability, and resources. //
During his recent Sea Air Space speech, Del Toro further praised South Korea and commended Japan, saying both Pacific allies could build high-quality ships on time, on budget, and often at a fraction of the cost. //
Maj. Jeffrey L. Seavy, a retired US Marine Corps officer, wrote for the US Naval Institute that China had roughly 47% of the global market on shipbuilding, the most of any country, with South Korea coming in second at about 29% and Japan in third at about 17%. He said the US had "a relative insignificant capacity at 0.13%," referencing numbers from the United Nations Conference on Trade and Development.