Ship Building in the US

Keeping afloat...

The number of new players entering this mature industry is declining due to increases in concentration and the strong market position of overseas shipbuilders. Falling revenue is expected to be somewhat constrained by the ongoing availability of defense budgets, which will ensure the continuation of Navy shipbuilding and conversion. New cruise ships will help push future sales as older US passengers increasingly take to the seas.

This U.S. industry comprises establishments primarily engaged in operating a shipyard. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. Activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling.