Report: China Shipyard Sees Robust Orders Despite US Port Fees on Chinese Vessels

U.S. Port Fees and Chinese Ship Orders: Despite the U.S. imposing port fees on ships linked to China, global shipping companies continue to place significant orders with Chinese shipyards, which captured 53% of global ship orders by tonnage in early 2025.

China's Dominance in Shipbuilding: China's share of global ship orders surged to 73% in 2024, as shipowners rushed to secure contracts before U.S. restrictions, while U.S. shipbuilding has drastically declined, with fewer than 10 commercial ships built last year compared to over 1,000 by China.