{
  "id": 3350595,
  "title": "Turning policy into steel. Turning vision into ships",
  "url": "https://urgent.news/2026/08/25/turning-policy-into-steel-turning-vision-into-ships",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-25T21:00:33.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/turning-policy-into-steel-turning-vision-into-ships/"
  },
  "original_language": "en",
  "account": "The United States is taking steps to integrate nuclear propulsion into its commercial maritime sector. The Department of Transportation's Maritime Administration (MARAD) and CORE POWER (US) Inc. have formed a unique federal-private partnership to advance the regulatory, commercial, and industrial route to a fleet of U.S.-flagged nuclear-powered merchant ships. CORE POWER aims for the initial construction of these ships by 2028. The urgency of this endeavor is highlighted by China's growing influence in global commercial shipbuilding and its exploration of nuclear-powered commercial vessels. The U.S. Maritime Action Plan seeks to reverse the nation's maritime decline, enlist private investment, and rebuild the industrial base deemed crucial for economic and national security. Mikal Bøe, CORE POWER's Founder and CEO, emphasized that China's progress in nuclear-powered commercial shipping should prompt action in Washington. The U.S. possesses a seven-decade track record in nuclear-at-sea operations, international partnerships, and the nuclear expertise necessary to spearhead the next generation of naval vessels. Japan and South Korea can expedite conventional shipbuilding while the U.S. concentrates on developing specialized nuclear-grade integration and lifecycle capabilities. CORE POWER aims to construct a dedicated U.S. nuclear-grade integration and lifecycle shipyard for reactor installation, initial fueling, testing, commissioning, refueling, defueling, and ongoing support, while conventional hulls and marine systems are constructed at standard shipyards. This strategy not only advances the project's timeline but also strengthens the broader U.S. maritime industrial base by cultivating a nuclear-qualified workforce and suppliers.",
  "summary": "The United States is moving to make nuclear propulsion part of its commercial maritime revival. The U.S. Department of Transportation’s Maritime Administration (MARAD) and CORE POWER (US) Inc. (CORE POWER) today announced a first-of-a-kind federal-private cooperation framework to accelerate the commercial, industrial and regulatory pathway for a future fleet of U.S.-flagged nuclear-powered…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}