On March 5, 2025, President Donald Trump announced plans to create an Office of Shipbuilding and introduce tax incentives aimed at rejuvenating the U.S. shipbuilding industry. This initiative comes in response to national security concerns, particularly with China's dominance in global container ship production. Trump's executive order proposes a series of measures, including raising fees on Chinese-built ships and reviewing procurement processes. While the plan seeks to revitalize this critical industry, there are challenges in its execution, especially in terms of procurement inefficiencies and market competitiveness.
This is where nGAP's Open Acquisition System (OAS) can provide a solution. The OAS is designed to streamline and modernize procurement by offering a transparent, user-friendly platform/application for federal agencies and private industry to collaborate. Through nGAP's technology, the U.S. shipbuilding sector could improve acquisition processes, ensuring that government projects are executed more efficiently and cost-effectively.
By integrating the OAS, shipyards would benefit from faster, more reliable procurement of materials and labor, reducing delays and enhancing productivity. Additionally, nGAP's system can facilitate better tracking of shipbuilding projects, ensuring compliance with new policies such as those proposed in Trump's executive order. As the U.S. works to regain its footing in the global shipbuilding market, OAS could play a pivotal role in ensuring that this revitalization is not just about creating new tax incentives but also fostering a more competitive and efficient industry.
Article Cited
Bursztynsky, Jessica. "Trump to Boost U.S. Shipbuilders with WH Office, Tax Incentives." Fox Business, 5 Mar. 2025, www.foxbusiness.com/politics/trump-create-office-shipbuilding-calls-tax-incentives.
