Japan to subsidize undersea cable vessels over 'very serious' national security concerns — will front up to half the cost for $300 million vessels bought by NEC

Japan plans to subsidize NEC's purchase of cable-laying ships to bolster national security. The government is willing to cover up to half of the $300 million cost per vessel. NEC, a major player in undersea cables, currently leases ships but faces security risks due to reliance on charters. The move comes amid rising concerns over undersea cable attacks globally. NEC sees owning ships as a strategic advantage despite the financial commitment.