China's Shipbuilding Dominance Poses Economic And National Security Risks For The Us, A Report Says

In only two decades, China has grown to be the dominant player in shipbuilding, claiming more than half of the world's commercial shipbuilding market, while the U.S. share has fallen to just 0.1, posing serious economic and national security challenges for the U.S. and its allies, according to a report released Tuesday by the Center for Strategic and International Studies.

In 2024 alone, one Chinese shipbuilder constructed more commercial vessels by tonnage than the entire U.S. shipbuilding industry has built since the end of World War II. China already has the world's largest naval fleet, the Washington-based bipartisan think tank said in its 75-page report.

"The erosion of U.S. and allied shipbuilding capabilities poses an urgent threat to military readiness, reduces economic opportunities, and contributes to China's global power-projection ambitions," the report said.

Concerns about the poor state of U.S. shipbuilding have been growing in recent years, as the country faces rising challenges from China, which has the world's second largest economy and has ambitions to reshape the world order. At a congressional hearing in December, senior officials and lawmakers urged action.

Last week, President Donald Trump told Congress that his Republican administration would "resurrect" the American shipbuilding industry, for commercial and military vessels, and he would create "a new office of shipbuilding in the White House."