While international trade moves our jobs into more productive activities, takes advantage of our comparative advantage, makes our labor force as a whole more productive, it does not necessarily create more jobs than it destroys in the short term.

FORBES: Exports Create Better Jobs, But Not Necessarily More Jobs

"A leaner, more responsive and more productive shipbuilding and offshore construction business will be better placed to take advantage of emerging market opportunities and to counter the cyclical nature of ship-ordering patterns, " he said.

BBC: Shipyard to lay off half workforce