• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

‘This is no drill’: China’s dominance over US shipbuilding sparks bipartisan effort

by March 13, 2025
written by March 13, 2025

China’s dominance over the U.S. in terms of shipbuilding is sending alarms through Capitol Hill, forthcoming legislation suggests.

A bipartisan group of military veterans now serving in the House of Representatives – Homeland Security Committee Chair Mark Green, R-Tenn., Rep. Jen Kiggans, R-Va., and Rep. Don Davis, D-N.C. – are rolling out a bill aimed at revitalizing the flailing U.S. commercial ship sector.

‘This is no drill. A fundamental pillar of America’s security, our naval supremacy, is under threat from Communist China,’ Green told Fox News Digital. 

Green said China’s Navy was now the largest in the world, surpassing the U.S. with 350 estimated seafaring vessels, compared to 280.

‘China has used its fleet to erode freedom of navigation, harass civilian ships, and intimidate our allies,’ he said. ‘To maintain our strategic edge, we must invest ‘full speed ahead’ in our maritime industrial base – encompassing commercial shipbuilders, military shipyards, and every link in the supply chain.’

The bill would establish a National Commission on the Maritime Industrial Base, and mandate it to launch a probe into the status of American maritime industries, both military and commercial. 

The goal would be to develop policy and legislative recommendations to revitalize U.S. shipyards.

Kiggans said shipbuilding was the ‘backbone’ of her coastal Virginia district’s economy, in a statement to Fox News Digital.

‘However, due to workforce and supply chain issues, our maritime industrial base is struggling to keep pace with growing global threats. This Commission is a critical step toward identifying the challenges facing our shipyards and strengthening our ability to build and sustain a world-class fleet,’ she said.

Davis said, ‘We must collaborate to ensure that both the public and private sectors work together to find solutions that will strengthen our maritime industrial base. Shipbuilding is vital for our national security.’

U.S. competition with China has remained among the most bipartisan issues in Congress, even with the current hyper-partisan environment.

China has nearly 47% of the global market in shipbuilding, according to the U.S. Naval Institute.

South Korea and Japan are second and third, with roughly 29% and 17% of the market, respectively. The U.S. has 0.13% of the market.

A single Chinese shipbuilder managed more output by tonnage in 2024 alone than the U.S. has in its entirety since World War II, according to a report by the Center for Strategic and International Studies, which said China’s dominance in the sector was a national security risk.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump’s pick for NIH director clears committee, heads to full Senate vote
next post
Russian border states eye exit of landmine treaty to fortify defenses and deter Putin

related articles

Trump urges GOP to be ‘flexible’ on Hyde...

January 7, 2026

Mobs of motorcycle-riding armed militia hunt Venezuelan streets...

January 7, 2026

Trump embraces US intervention in Venezuela, opens door...

January 7, 2026

Trump backs Maduro loyalist over Venezuela opposition leader...

January 7, 2026

White House says ‘range of options,’ including US...

January 6, 2026

Walz’s long-running fraud scandal puts Harris campaign judgment...

January 6, 2026

Trump pitches cognitive tests for leaders, questions if...

January 6, 2026

Comer vows Minnesota fraud probe will expand to...

January 6, 2026

Iran protesters emboldened by Trump admin’s Persian messaging...

January 6, 2026

Dem senator introduces bill to stop Trump from...

January 6, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Democrat godfathers make Biden offer they hope he can’t refuse

    July 19, 2024
  • Disney rolls out line-skipping park passes costing up to $449

    October 17, 2024
  • Gold and Silver: Gold continues to hold above $2400 level

    July 22, 2024
  • Iran hiding missile, drone programs under guise of commercial front to evade sanctions

    November 21, 2024
  • Judge blocks Albertsons-Kroger $25 billion supermarket merger

    December 11, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,335)
  • Investing (774)
  • Stock (964)

Latest Posts

  • Reporter’s Notebook: Eyewitness to Taiwan’s annual military drills amid growing China threat

    July 30, 2024
  • Patel touts FBI’s dozens of convictions in $250 million Minnesota COVID scam

    July 18, 2025
  • Long MELI: breaking weekly resistance, poised to surpass $2020 amid strong growth and market momentum

    August 9, 2024

Recent Posts

  • GOP gubernatorial hopeful predicts shutdown fight will haunt Dems in critical elections

    October 21, 2025
  • Hegseth ‘acted within authority’ by using Signal for Houthi strikes, top Armed Services Republican says

    December 4, 2025
  • Tulsi Gabbard thanks Trump for ‘unwavering leadership’ in Oval Office clash with Zelenskyy

    March 1, 2025

Editor’s Pick

  • USDCHF and USDJPY: USDJPY found support at 151.93

    July 26, 2024
  • Gaetz withdraws as attorney general nominee

    November 21, 2024
  • Biden, Blinken take credit for groundwork behind Trump’s Gaza ceasefire deal

    October 14, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock