- Sputnik International, 1920
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

US Bets on Allies to Bail Out Crippled Shipbuilding Industry

© AP Photo / Mike Roemer A ship under construction sits docked at Fincantieri Marinette Marine Friday, July 12, 2024, in Marinette, Wis.
 A ship under construction sits docked at Fincantieri Marinette Marine Friday, July 12, 2024, in Marinette, Wis.  - Sputnik International, 1920, 21.09.2024
Subscribe
As the US pushes its “China threat” narrative and eyes a potential military conflict with the People's Liberation Army, one of its vital defense industries – shipbuilding – is in a critical condition.
The US is betting on its ally South Korea to help bail out its crippled shipbuilding industry.y
South Korean shipbuilding company Hanwha Ocean recently announced its acquisition of a former naval shipyard in Philadelphia.
Along with the shipyard deal, valued at $100 million, Hanwha secured its first maintenance and repair contract with the US Navy.
The US shipbuilding industry has become notorious for years-long delays and cost overruns. Washington's allies South Korea and Japan are the world’s largest shipbuilders, and hopes are that they could boost production of both commercial and naval vessels.
But stark new figures show that even with support from Asian firms, it could take the US years to close the gap with China in maritime power.
© Photo : United Nations Conference on Trade and DevelopmentScreenshot of chart showing how China dominates the ship building industry.
Screenshot of chart showing how China dominates the ship building industry. - Sputnik International, 1920, 21.09.2024
Screenshot of chart showing how China dominates the ship building industry.
Last year, China had orders for 1,794 large commercial ships, South Korea had 734, Japan had 587 — but the US had just five.
While China commands 40 percent of global commercial shipbuilding output, the US accounts for less than one percent.
China had over 5,000 oceangoing commercial vessels in early 2023, while the US-flagged merchant fleet had only 177.
China's shipbuilding capacity is over 200 times that of the US, according to a US Naval Intelligence chart cited by media.
© Photo : U.S. Navy Screenshot of chart showing relative Chinese and US shipbuilding capacity.
Screenshot of chart showing relative Chinese and US shipbuilding capacity. - Sputnik International, 1920, 21.09.2024
Screenshot of chart showing relative Chinese and US shipbuilding capacity.
The struggle to prop up the floundering US shipbuilding base comes as the US Navy has released its plan for a potential military conflict with China by 2027.
Announcing the Navigation Plan for America’s Warfighting Navy, US Chief of Naval Operations (CNO) Admiral Lisa Franchetti referred to China as a “pacing challenge” and a “complex, multi-domain and multi-axis threat.
The plan includes streamlining maintenance for warships, submarines and aircraft, eliminating delays and restoring “critical infrastructure that sustains and projects the fight from shore.
The United States Coast Guard Cutter James, the second National Security Cutter for the East Coast, arrived Aug. 28, 2015 in its homeport in Charleston, S.C. - Sputnik International, 1920, 19.09.2024
Military
US Coast Guard May Need to Wait 15 Years For Long-Delayed Modern Cutter Ship - Report
Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала