Financial Times: “We are not going to beat China by being a cheaper version of China. They have mastered the art of being cheap,” said Carmel in an interview.
“The way we win in all this is to change the terms of the competition to something that is more favourable to us. So, we don’t compete on trying to be cheap. We compete on technology . . . and nuclear technology is something we are really good at.”
The first-of-a-kind agreement aims to fast-track construction of a US-flagged nuclear-powered fleet by designing a regulatory framework that enables speedy licensing, availability of insurance, port access and high standards of safety…