Ship Building in the US

Keeping afloat...

This mature industry has a low level of volatility as customers constantly require new and improved cruisers and freight liners. The number of new players entering this industry is declining due to increases in concentration. Demand for commodities such as coal and petroleum products is expected to remain strong over the outlook period with the majority of firms upgrading and expanding their fleets, subsequently increasing demand for US made commercial ships.

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.