![]() Trailing the Chinese and Russian navies are, in order, Japan, Great Britain, France and India. Close behind China is Russia, a nation with the largest and most powerful nuclear ballistic missile submarine in the world. Navy can effectively project American military might anywhere on the planet.Ĭhina is America’s top naval competitor, but with two carriers and 14 nuclear subs, the U.S. With 11 active aircraft carriers (with two more under construction and two more ordered after that through 2034), 69 destroyers and 70 nuclear submarines – all supported by about 3,700 aircraft – the U.S. role in global commercial shipbuilding has become almost invisible, the United States still maintains the largest and strongest navy in the world. shipbuilding industry built most of the world’s shipping fleets during a time when countries around the world subsidized their national shipbuilding industries – a practice the U.S. decision to stop government subsidies to the nation’s shipyards doomed the industry in the face of competing governments that were only too happy to subsidize their shipbuilding industries.īrookings Institution economic studies fellow Aaron Klein documented that from the end of World War II until the 1970s, the U.S. In essence, America since the Reagan years has been in steep decline in commercial shipbuilding as the market share of East Asian and other global competitors have soared.
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