In Shipbuilding, the U.S. Is Tiny and Rusty -- WSJ

Dow Jones

03-02

The Philly Shipyard began construction in September for an order for three boxships with an average cost per ship of $333 million. "In Shipbuilding, the U.S. Is Tiny and Rusty," at 5:30 a.m. ET on March 2, incorrectly said the order was secured in September and the cost per ship was $355 million.

(END) Dow Jones Newswires

March 03, 2025 17:17 ET (22:17 GMT)

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The U.S. is lucky if it can finish more than one each year.It has been that way for decades. Few major American shipyards remain and they now mostly build or repair vessels for the U.S. Navy. Those that do produce new commercial ships mostly make small vessels for U.S. companies operating on domestic routes, not the giant containerships and ocean vessels that underpin global trade.The Trump administration has floated a proposal that would seek to reverse the trend by imposing port fees on Chinese-built ships and requiring some U.S. exports to move on U.S.-built ships. The idea faces both labor and financial challenges.American shipyards employed more than one million people during World War II, but in the decades that followed the U.S. ceded much of the market to other countries. The number of welders, engineers and other people building boats and ships hasn't reached 200,000 since the early 1980s, though the nu","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6088":"石油天然气设备与服务","WPC.SI":"VALLIANZ HOLDINGS LTD","BK6519":"运输股"},"translate_title":"在造船业方面，美国又小又生锈——《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WPC.SI":1},"content_text":"The Philly Shipyard began construction in September for an order for three boxships with an average cost per ship of $333 million. \"In Shipbuilding, the U.S. Is Tiny and Rusty,\" at 5:30 a.m. ET on March 2, incorrectly said the order was secured in September and the cost per ship was $355 million. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 03, 2025 17:17 ET (22:17 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}