Yet the U.S. has an astonishing lack of maritime capacity. Of the tens of thousands of large vessels that dot the oceans, a mere 0.13 percent are built in the United States. China, by contrast, fulfills roughly 60 percent of all new shipbuilding orders and has amassed more than 200 times America's shipbuilding capacity.
Not only do most U.S. imports and exports travel on foreign-built ships, but those ships are owned and crewed almost exclusively by nine giant carriers based in Europe and Asia. By the end of 2024, these carriers had organized into three cartels that controlled about 90 percent of the U.S. containerized-shipping trade.
How America Lost Control of the Seas - The Atlantic
Not only do most U.S. imports and exports travel on foreign-built ships, but those ships are owned and crewed almost exclusively by nine giant carriers based in Europe and Asia. By the end of 2024, these carriers had organized into three cartels that controlled about 90 percent of the U.S. containerized-shipping trade.
How America Lost Control of the Seas - The Atlantic
