"A bipartisan group of legislators reintroduced a bill Wednesday to stimulate demand for hundreds of U.S.-built ships and to boost America's shipbuilders and sailors.
The Shipbuilding and Harbor Infrastructure for Prosperity and Security for America Act includes tax incentives for shipyard improvements, the establishment of a Maritime Security Trust Fund to pay for investments and a target to more than triple the number of U.S.-built vessels conducting international trade.
Resurrecting American shipbuilding won't be easy. Each year, U.S. shipyards produce a handful of large commercial ships, compared with hundreds of vessels that are pumped out of Chinese shipyards.
China has rapidly expanded its shipbuilding sector over the past two decades and is now the world's largest builder of commercial ships. China's order book last year of 3,419 commercial ships represented more than 62% of global production, according to BRS Shipbrokers.
The SHIPS for America Act provides a rare moment of bipartisan unity in Washington. "This bill's pretty popular right now and has broad industry support and bipartisan support in the House and Senate," said Sen. Mark Kelly, a Democrat from Arizona who is among the co-sponsors of the bill.
"This is a serious, comprehensive, strategic, thoughtful laying out of what, if we're serious about this, we really need to revitalize our maritime industrial base," said Matt Paxton, president of the Shipbuilders Council of America.
Shipping-industry officials say U.S. ships take three times as long to build and cost at least three times more than foreign-built ships. They say a U.S. shipbuilding revival will require significant investments in yards and in training for a new generation of shipbuilders as well as generous subsidies to make American ships attractive compared with heavily subsidized foreign yards.
Hanwha Philly Shipyard in Philadelphia is one of just a handful of U.S. yards capable of making large international commercial vessels.
Asian shipyards routinely build ships capable of carrying the equivalent of 16,000 containers, with some yards building ships capable of carrying more than 20,000 boxes. Philly Shipyard is working on an order for three ships each capable of carrying 3,600 boxes.
The struggling yard was recently bought by Hanwha, a South Korean conglomerate. David Kim, the yard's new chief executive, said the company plans to invest hundreds of millions of dollars in facilities and to introduce automation and efficiency practices used in Hanwha's South Korean yards.”
Triple it sounds good. But if you multiply zero by three, you still get zero. It's a tough case.
1. U.S. News: Lawmakers Join Effort to Revive U.S. Shipbuilding. Berger, Paul. Wall Street Journal, Eastern edition; New York, N.Y.. 01 May 2025: A4.