US shipbuilding revival looks dead in the water, China’s Li Yanqing says
South China Morning Post
by Carol YangMarch 2, 2026
AI-Generated Deep Dive Summary
The U.S. shipbuilding revival appears to be losing momentum, according to Li Yanqing, executive vice-president of the China Association of National Shipbuilding Industry (Cansi). Despite efforts to boost domestic production through increased defense spending and strategic initiatives, challenges such as fluctuating global demand and complex geopolitical dynamics are hindering progress. Li highlights that the U.S. is grappling with insufficient funding for commercial projects and intense competition from countries like South Korea and China, which have strengthened their positions due to advanced technology and efficient supply chains.
Li Yanqing emphasizes that the U.S. needs a more comprehensive approach, integrating innovation in shipbuilding techniques with sustainable practices to remain competitive.
Verticals
worldasia
Originally published on South China Morning Post on 3/2/2026