US Launches 'Maritime Golden Age' to Counter China's Shipbuilding Dominance

• The US administration unveils a "Maritime Golden Age" initiative to rebuild commercial shipbuilding capacity.
• The plan aims to counter China's dominance in global shipbuilding, which accounts for over half of the output.
• Key elements include "Maritime Prosperity Zones" offering regulatory relief and financial incentives for shipbuilders.
• The strategy is driven by national security concerns, aiming to reduce reliance on foreign vessels for military logistics.
• The initiative seeks to expand US-built and US-flagged commercial vessels, reversing decades of decline.