China dominated global shipbuilding last year, securing 74% of new commercial ship orders, while the U.S. captured only 0.2%. The U.S. Navy faces challenges with its shipbuilding programs, struggling with budget overruns and delays, prompting reliance on allies like South Korea, which has pledged $150 billion for cooperation. Efforts include joint projects and investments in U.S. shipyards, highlighting a strategic shift to bolster the domestic industry against Chinese competition.
