US Bets $35bn on Nuclear Ships to Outrun China’s Green Fleet

The United States has committed to building a 50-ship nuclear-powered merchant fleet, a $35 billion gamble to outpace China in the race for zero-emission shipping. The seven-year agreement, signed last week with the US Maritime Administration, marks the largest push yet to replace conventional fuel with nuclear reactors in commercial vessels. The fleet will consist of a mix of LNG tankers and container ships, each costing $700 million, nearly three times the price of a conventionally powered vessel of equivalent tonnage. However, Core Power, the British nuclear energy firm leading…

Keep reading with your free Financial Ports account

This story is part of FP Plus, the exclusive supplement of Financial Ports. Creating an account is free — and it unlocks CAMAL AI too.

Create free account I already have an account

No cost, no card required. You can delete your account whenever you like.