Core Viewpoint - The article discusses the challenges and dynamics of the global shipbuilding industry, particularly focusing on the competition between the U.S. and China, and highlights the continued preference of major shipping companies for Chinese shipyards despite U.S. efforts to revive its own shipbuilding sector [1][2][4]. Group 1: U.S. Efforts and Challenges - The U.S. government, under President Trump, aims to revive its shipbuilding industry by imposing port fees on Chinese vessels, but this has not deterred major shipping companies from ordering ships from China [1][2]. - MSC's senior vice president stated that U.S. initiatives to challenge China's dominance in shipbuilding will not significantly alter their strategy of ordering new ships from Chinese shipyards [2][4]. - The U.S. shipbuilding industry faces significant challenges, including high labor costs and limited technological capabilities, making it difficult to compete with Chinese shipyards [4][8]. Group 2: Chinese Shipbuilding Dominance - China accounts for over 50% of global shipbuilding capacity and has secured more than 70% of the world's green ship orders, including various types of dual-fuel and hybrid vessels [2][5][9]. - Major shipping companies, including MSC, continue to build new ships in China due to its technological capabilities and capacity, which are currently unmatched [2][5]. - The recent delivery of a large LNG dual-fuel container ship built in China underscores the country's leading position in the shipbuilding sector [5][9]. Group 3: Market Dynamics and Future Outlook - The global shipping market is evolving towards a "China + Others" model, indicating a significant reliance on Chinese shipyards for new orders [5][6]. - Despite geopolitical tensions, companies are cautious in selecting shipyards for new LNG orders, recognizing the limited number of high-quality shipbuilders globally [5][10]. - Reports indicate a slowdown in global new ship orders due to geopolitical factors, with Chinese shipyards still capturing a majority of the market share [5][6].