Turning the Ship Around | Sunday on 60 Minutes
In a Nutshell
American shipbuilding is in crisis, producing only about three cargo ships annually compared to China's thousand, leaving the US decades behind global rivals and hemorrhaging money. This shortfall threatens national security by undermining the ability to secure commerce and export energy. Every American must recognize this urgent vulnerability.
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American shipbuilding is in shambles, a money loser falling decades behind global rivals. China makes roughly a thousand cargo ships a year. The US makes maybe three.
At the end of the day, ship building is a national security necessity. The US needs to be able to secure our own commerce. We need to be able to export our own energy. We are in a ship building crisis in the United States and every American should be aware of that.
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