• 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

Top cops out: The attorney general firings and...

April 6, 2026

‘God is good’: Inside the high-risk US mission...

April 6, 2026

CENTCOM commander directed strike against an IRGC headquarters...

April 6, 2026

Trump touts airman rescue mission, boasts Iran could...

April 6, 2026

President Trump makes endorsement in California gubernatorial race:...

April 6, 2026

Iran war nears ‘completion’ as Trump eyes deadline...

April 6, 2026

Primary pause, political firestorm: High-stakes elections this month...

April 6, 2026

GOP races to pass ICE, Border Patrol funding...

April 6, 2026

Trump vows US will strike Iran’s power plants,...

April 5, 2026

Inside the daring rescue of airman behind enemy...

April 5, 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

  • Federal judge temporarily blocks shutdown of US-funded radio network

    March 26, 2025
  • Long ADC: signals bullish trend with strong support and 52-week high breakout

    August 2, 2024
  • Disney rolls out line-skipping park passes costing up to $449

    October 17, 2024
  • Dow jumps 1,000 points as Nvidia, Broadcom spark tech-led market comeback

    February 9, 2026
  • EXCLUSIVE: Epstein emails released as DOJ says no criminal or inappropriate conduct by Trump

    January 30, 2026

Popular Posts

  • 1

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

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,492)
  • Investing (1,596)
  • Stock (1,016)

Latest Posts

  • Booker called filibuster an ‘abuse of power’ years before setting Senate speech record

    April 2, 2025
  • Elon Musk’s SpaceX files confidentially for IPO: report

    April 1, 2026
  • Anti-Trump ex-husband of president’s 2016 campaign manager launches congressional bid as Democrat

    December 22, 2025

Recent Posts

  • Dogecoin is in retreat for the second day in a row

    October 8, 2024
  • Iranian woman strips down in anti-hijab protest following vicious assault by regime militia

    November 3, 2024
  • Trump not committing to putting US troops on the ground in Gaza, White House says

    February 5, 2025

Editor’s Pick

  • Harris to oversee certification of her defeat to Trump in presidential election: ‘Sacred obligation’

    January 6, 2025
  • Some Juul users are receiving thousands of dollars as part of a $300M class action settlement

    October 22, 2024
  • Expert confident Iran’s nuclear program is ‘no longer’ after massive US strike

    June 22, 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