nuclear-news

British start-up to help US build nuclear-powered cargo ships.

Core Power has raised $200m from Japanese backers and will use its propulsion systems
in a fleet of American nuclear-powered merchant vessels. A British start-up
based on a west London trading estate is to help the American government
build a fleet of nuclear-powered cargo ships.

A public-private partnership
between the US Maritime Administration and Core Power, based in Chiswick
Park, was signed in Washington DC on Monday. The first-of-its-kind
agreement aims to accelerate construction of a US-flagged fleet of rapid
nuclear-powered merchant vessels, and revive a US shipbuilding industry
that has been decimated by cheaper competitors from China in recent years.

 Times 24th Aug 2026, https://www.thetimes.com/business/companies-markets/article/british-start-up-to-help-us-build-nuclear-powered-cargo-ships-8xl7bmnk8

August 28, 2026 - Posted by Christina Macpherson | business and costs, UK