US port fees a ‘game changer’ for global shipbuilding dynamics
- Levies on China-built ships could extend beyond the US and reduce the cost advantage of Chinese yards, compelling owners to reconsider order choices
- South Korean builders stand to be the biggest beneficiaries, with JPMorgan estimating $10bn in annual revenue from US naval contracts, potentially driving capacity expansion
- Uncertainty remains over a US shipbuilding revival, as high costs and logistical challenges cast doubt on large-scale domestic production
US trade crackdown on China shipbuilding could reshape the industry, with South Korea poised to be the biggest winner
