USTR’s Action to Restore American Shipbuilding and Reverse China’s Maritime Dominance Draws Bipartisan Praise

USTR noticeStatementPublished 25/04/23Open the original

Summary

USTR compiles praise from unions, manufacturers, farm groups and lawmakers for its action to revive American shipbuilding and respond to China's practices in the maritime, logistics and shipbuilding sectors.

By industry

Shipbuilding & MASGA1 trading day+1.3%p15 stocks5 trading days+2.6%p15 stocks20 trading days+3.6%p15 stocks
“USTR took targeted action to resurrect American shipbuilding”

Day by day after the announcement

Shipbuilding & MASGA stocks and the S&P 500 after the announcement, cumulative %
Day	Shipbuilding & MASGA stocks	S&P 500
25/04/22	0.0%	0.0%
25/04/23	+1.3%	+0.1%
25/04/24	+3.6%	+2.3%
25/04/25	+4.3%	+2.7%
25/04/28	+4.8%	+2.5%
25/04/29	+5.6%	+3.0%
25/04/30	+5.4%	+4.0%
25/05/01	+7.1%	+3.9%
25/05/02	+9.1%	+5.6%
25/05/05	+8.3%	+5.0%
25/05/06	+6.8%	+5.0%
25/05/07	+6.7%	+4.6%
25/05/08	+8.5%	+5.2%
25/05/09	+8.5%	+5.2%
25/05/12	+11.2%	+8.7%
25/05/13	+11.4%	+9.3%
25/05/14	+10.8%	+9.4%
25/05/15	+12.3%	+10.0%
25/05/16	+13.2%	+9.7%
25/05/19	+14.2%	+10.8%
25/05/20	+14.1%	+10.4%

Korean stocks in these industries

Hanwha Ocean 042660
HD Hyundai Heavy Industries 329180
HD Korea Shipbuilding & Offshore Engineering 009540
Samsung Heavy Industries 010140

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Bradley D. TildenDirector
BuyMatson
Buy
Matson
MATX
$257.4K
2,273 sh
$257.4K
Filed 25/05/12
Traded 25/05/12
James A. Winnefeld Jr.Director
BuyRTX
Buy
RTX
RTX
$23.6K
200 sh
$23.6K
Filed 25/04/23
Traded 25/04/23
Bradley D. TildenDirector
BuyMatson
Buy
Matson
MATX
$43K
376 sh
$43K
Filed 25/05/12
Traded 25/05/12
Amy L. JohnsonCorporate VP and Controller
SellRTX
Sell
RTX
RTX
$320.8K
2,515 sh
$320.8K
Filed 25/05/08
Traded 25/05/06
John BoozmanSenator · Republican · AR
Partial saleGeneral Dynamics
Partial sale
General Dynamics
GD
$1K–$15K
Joint
$1K–$15K
Reported 25/06/14
Traded 25/05/20
Amy L. JohnsonCorporate VP and Controller
SellRTX
Sell
RTX
RTX
$207.9K
1,631 sh
$207.9K
Filed 25/05/08
Traded 25/05/06
William Lynn IIICEO
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$1.8M
45,000 sh
$1.8M
Filed 25/05/16
Traded 25/05/15
K. Christopher FarkasVice President and CFO
Sell10b5-1 planCurtiss Wright
Sell10b5-1 plan
Curtiss Wright
CW
$1.7M
4,780 sh
$1.7M
Filed 25/05/01
Traded 25/05/01
Anastasi D. KellyDirector
SellHuntington Ingalls Industries
Sell
Huntington Ingalls Industries
HII
$455.9K
1,960 sh
$455.9K
Filed 25/05/07
Traded 25/05/06
Daniel P. McGahnChairman, President and CEO
Sell10b5-1 planAmerican Superconductor
Sell10b5-1 plan
American Superconductor
AMSC
$313.8K
12,815 sh
$313.8K
Filed 25/05/22
Traded 25/05/20
Edmond E. Hughes Jr.Ex VP & Chief HR Officer
SellHuntington Ingalls Industries
Sell
Huntington Ingalls Industries
HII
$301.5K
1,300 sh
$301.5K
Filed 25/05/08
Traded 25/05/07
John W. Kosiba Jr.SVP, CFO & Treasurer
Sell10b5-1 planAmerican Superconductor
Sell10b5-1 plan
American Superconductor
AMSC
$290.6K
11,860 sh
$290.6K
Filed 25/05/22
Traded 25/05/20
Laura L. RasconSVP
SellMatson
Sell
Matson
MATX
$200.9K
1,700 sh
$200.9K
Filed 25/05/13
Traded 25/05/13
Gregory R. DahlbergDirector
SellLeidos Holdings
Sell
Leidos Holdings
LDOS
$193.2K
1,250 sh
$193.2K
Filed 25/05/09
Traded 25/05/09
Karen H. BeachyDirector
SellOceaneering International
Sell
Oceaneering International
OII
$100.4K
5,300 sh
$100.4K
Filed 25/05/23
Traded 25/05/22
John BaylounyEVP and COO
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$112.8K
3,529 sh
$112.8K
Filed 25/04/09
Traded 25/04/08
Pamela MorrowSVP and Controller
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$68.4K
2,150 sh
$68.4K
Filed 25/04/03
Traded 25/04/02
Sally WallaceEVP, Business Operations
Sell10b5-1 planLeonardo DRS
Sell10b5-1 plan
Leonardo DRS
DRS
$47.7K
1,498 sh
$47.7K
Filed 25/04/03
Traded 25/04/02
Mark A. Welsh IIIDirector
Sell10b5-1 planNorthrop Grumman
Sell10b5-1 plan
Northrop Grumman
NOC
$490
1 sh
$490
Filed 25/05/06
Traded 25/05/05
Mark A. Welsh IIIDirector
Sell10b5-1 planNorthrop Grumman
Sell10b5-1 plan
Northrop Grumman
NOC
$1,474
3 sh
$1,474
Filed 25/05/06
Traded 25/05/05