• 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
Dr. Marty Makary advances out of key committee in bid for FDA confirmation
next post
‘Absurd’: White House blasts law firm that helped fuel Russia hoax after challenging Trump order

related articles

Trump doubles down on voiding Biden autopen actions,...

December 3, 2025

Hegseth erupts over WaPo ‘fake stories’, vows to...

December 3, 2025

GOP fractures over Hegseth’s ‘double-tap’ Caribbean strike as...

December 2, 2025

Trump lays out where he stands with Elon...

December 2, 2025

Hegseth erupts over WaPo ‘fake stories’ smear, vows...

December 2, 2025

Taxpayers on the hook for lawn care, fixing...

December 2, 2025

Experts dispute Nigerian government’s claims amid congressional probe...

December 2, 2025

Putin warns Russia ‘ready’ if Europe ‘suddenly wants...

December 2, 2025

Rosie O’Donnell says daughter blames Trump for forcing...

December 2, 2025

Johnson points to Obama-era drone precedent as Congress...

December 2, 2025
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

  • Peloton launching resale market for used bikes, treadmills

    June 4, 2025
  • Ex-Biden advisor Mike Donilon to sit down with House investigators in autopen probe

    July 31, 2025
  • Hawley pushes ban on Obamacare coverage for gender transitions, abortion amid shutdown: ‘No more loopholes’

    October 15, 2025
  • State Department to begin mass layoffs of about 1,800 employees in coming days

    July 11, 2025
  • Leveraging ChatGPT for enhanced trading strategies

    September 13, 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

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

    July 19, 2024
  • 3

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

    April 2, 2025
  • 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 (6,937)
  • Investing (634)
  • Stock (958)

Latest Posts

  • Trump responds after rebels overtake Syria, ousting longtime dictator: ‘Assad is gone’

    December 8, 2024
  • RFK Jr. says Trump has ‘changed as a person’ and ‘focused on his legacy’

    August 31, 2024
  • White House says Biden believes he made right decision to drop out of 2024 race despite Trump victory

    November 8, 2024

Recent Posts

  • Ford delays new EV plant and cancels electric three-row SUV as it shifts strategy

    August 22, 2024
  • Trump-backed spending bill goes down in flames as shutdown clock ticks down

    December 20, 2024
  • How we got to Liberation Day: A look at Trump’s past comments on tariffs

    April 4, 2025

Editor’s Pick

  • Schumer ‘forcefully’ told Biden he should drop his re-election bid: Report

    July 18, 2024
  • S&P 500 and Nasdaq recovering from Friday’s decline

    July 23, 2024
  • Dem senator says Melania Trump is America’s ‘secret weapon’ against Putin’s ‘war criminality’

    October 21, 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