Trump's shipbuilding plan could upend ocean cargo industry, companies warn

Trump's Shipping Industry Plan: President Trump's initiative to revitalize the U.S. shipping industry may impose significant costs on ocean transport operators, potentially leading to increased consumer prices and supply chain disruptions due to new port fees on vessels built in China.

Industry Concerns: Executives warn that the plan could result in fewer U.S. port calls by ship owners, exacerbating congestion at major ports and risking a repeat of past global trade backups, while some companies are exploring options for expanding their U.S.-flagged fleets.