US efforts to revive its shipbuilding industry will achieve little traction despite the USTR’s proposal to impose a levy on Chinese built ships as well as remissions for operators using US built ships.
There are currently only 63 US-flagged containerships, accounting for just 0.9% of the global fleet of 6,874 ships currently. Only 25 of the US flagged ships were built in the US primarily to serve the Jones Act trades, while the rest of the 38 ships were built outside of the US. Maersk, CMA CGM