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US shipbuilding was last competitive in the 19th century when building wooden ships. US yards were not capable of matching UK yards (the market leader at the ti
by jabl 2y ago
US shipbuilding was last competitive in the 19th century when building wooden ships. US yards were not capable of matching UK yards (the market leader at the time) on price, due to higher steel and labor costs. What the US WAS capable of and the UK wasn't, was to quickly scale up production and produce huge numbers of standard ships during the world wars (well, the vast majority of the WWI ships missed the war). Yes, this was an astounding achievement, and the Liberty ships were crucial to Allied victory in WWII. But competitive on price with UK yards they were not.
https://www.noahpinion.blog/p/why-cant-the-us-build-ships https://www.noahpinion.blog/p/why-cant-the-us-build-ships
Good point about the Jones Act acting to make domestic road (and rail) more attractive. Then again, aren't domestic road and rail freight also protected by similar cabotage laws?