The Rising Tide: China's Dominance in Global Shipbuilding

China's shipbuilding industry has become a dominant global player, controlling over half of the commercial market. The United States' share has dwindled to a mere 0.1%, raising significant economic and national security concerns. The report urges revitalization of U.S. shipbuilding to counter China's growing influence.

China has rapidly ascended to the forefront of the global shipbuilding industry, accounting for more than half of the world's commercial market, according to a recent report from the Centre for Strategic and International Studies. In stark contrast, the U.S. now represents just 0.1% of this market, a dramatic decline with serious economic and security implications.

In 2024, a single Chinese shipbuilder constructed more commercial vessels by tonnage than the entire U.S. industry did following World War II. The report highlights China's burgeoning naval capacities and warns that the erosion of U.S. shipbuilding undermines military readiness and bolsters China's global ambitions.

The situation has drawn attention from top U.S. officials. President Donald Trump announced intentions to revive domestic shipbuilding efforts with a new White House office dedicated to the task. Meanwhile, labor unions and political figures continue to call for stronger measures to counteract China's dominance.

(With inputs from agencies.)