By Awais Feroze Hanif*
From its peak during the 1960s through 1980s, the Japanese shipbuilding industry’s global market share has fallen precipitously – eroded by competition from neighbours South Korea and China. However, efforts to revive the flailing industry are accelerating with the Japanese government recently announcing a one trillion yen fund (US$6.25 billion) aimed at reviving the sector. (From: The Interpreter. The Lowy Institute.)
