The Decline of the American Maritime Industry

The American maritime industry has experienced significant decline over the past 50 years, with stark competition arising from China, which is actively constructing over 1,500 ships compared to the mere five being built in the U.S. This shift signifies a critical turning point in both industrial policy and national security, as the imbalance in maritime capacity can have far-reaching implications for American interests. Discussions surrounding this decline often highlight changes in policy that have affected the historical prominence of American shipbuilding and shipping companies. The situation raises essential questions about how the U.S. can regain its status as a maritime leader while addressing the challenges posed by foreign competitors.