North Indy News

The United States, historically a maritime nation, faces challenges in its shipbuilding sector. According to Senator Todd Young (R-Ind.), the erosion of this industry has led to China's dominance over global sea lanes, with their fleet numbering 5,500 vessels compared to the U.S.'s 80.

Senator Young highlights the economic and national security risks posed by this imbalance. He notes that less than 0.4% of tankers and cargo ships flying the American flag are involved in trade. This situation weakens both the U.S. economy and Navy.

President Donald Trump has taken steps to address these issues by signing an executive order promoting private investment in new shipyards and imposing fees on Chinese vessels at American ports. In alignment with these efforts, Senator Young introduced the SHIPS for America Act alongside a bipartisan group of lawmakers.

The proposed legislation aims to revitalize American shipbuilding through congressional authorizations for building a new fleet of commercial ships and establishing a trust fund to expand the U.S.-flagged international fleet to 250 ships by 2035. It seeks to enhance competitiveness in international commerce by reducing bureaucratic obstacles and strengthening workforce recruitment in shipyards.

For Indiana, which hosts three ports and the Corn Island Shipyard, the act could stimulate growth for steel manufacturers and small component producers due to increased demand for materials needed in shipbuilding. Many Hoosier businesses have expressed optimism about potential opportunities arising from this initiative.

Senator Young emphasizes that while reviving American shipbuilding will require time and investment, failing to act could result in greater costs. He urges Congress to pass the SHIPS Act as a measure against China's growing maritime influence and as support for American workers.

"It's time to make American ships again," concludes Senator Young.