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Stories · 1

Critics tie Jones Act to collapse of US commercial shipbuildingCommentary published October 9 notes US yards now build fewer than five commercial ships each yearshipbuilding · Sander Voss · 2026-10-10

Facts · 12

Rana Foroohar argues that the US shipbuilding industry has collapsed, producing fewer than five commercial ships a year compared to more than half the world's tonnage after World War II.Critics tie Jones Act to collapse of US commercial shipbuildingThe Jones Act has decimated the U.S. shipbuilding industry.Critics tie Jones Act to collapse of US commercial shipbuildingMcCormick highlighted Hanwha Ocean's investment in Philly Shipyard as an example of driving a renaissance in the U.S. shipbuilding industry.McCormick cites Hanwha Philly Shipyard investment in shipbuilding talksSouth Korea has pledged US$350 billion in investment in the U.S., including US$150 billion specifically for the U.S. shipbuilding sector.McCormick cites Hanwha Philly Shipyard investment in shipbuilding talksMcCormick called for faster progress on Seoul's planned investment in the U.S. shipbuilding sector during a meeting with reporters in Seoul.McCormick cites Hanwha Philly Shipyard investment in shipbuilding talksMcCormick stated that South Korea's investment is part of the MASGA, or Make American Shipbuilding Great Again, initiative.McCormick cites Hanwha Philly Shipyard investment in shipbuilding talks
All 12Gecko Robotics announced a partnership with Anduril Industries to accelerate American shipbuilding using robotics, AI, and automated quality assurance.Gecko Robotics partners with Anduril to accelerate US shipbuildingThe facility will initially produce components such as torpedo tubes and impulse tanks for the prime contractors General Dynamics Electric Boat and HII Newport News Shipbuilding.Ship component facility to supply Electric Boat and Newport News ShipbuildingDavid Kim, CEO of Hanwha Philly Shipyard, stated the MRIV program demonstrates the value of an active US shipbuilding industrial base.Hanwha Philly Shipyard CEO cites MRIV program for US shipbuilding base valueThe Trump administration has designated American shipbuilding as a national priority.Trump administration designates American shipbuilding national priorityHuntington Ingalls Industries' Ingalls Shipbuilding division constructed the USS Ted Stevens at its Pascagoula, Mississippi, shipyard.Incat Crowther to design ROMULUS unmanned vessels for Huntington IngallsA 2025 US Trade Representative report states the US ranks nineteenth in commercial shipbuilding and builds fewer than five ships per year, while China builds more than 1,700.The Jones Act was supposed to build shipyards. It closed 300 instead.

Writers · 2

Ingrid SorensenShipbuilding CorrespondentSander VossTrade and Shipping Writer

Sections · 1

shipbuilding

Publishers · 1

koreajoongangdaily.joins.com4 cited facts
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