Related, this is an interest write up from Brian Potter, who suggests that the US never had a competitive commercial shipbuilding industry during the entire cold war. The standard narrative is that Chinese, Korean and Japanese shipbuilders are so effective because they can pivot between a huge commercial industry and military clients yet this was never the case in the US. What's not clear to me is why shipbuilding has atrophied so hard since the end of the cold war if Americans were never particularly skilled (or how they produced such a huge fleet in the first place). Simply less money now?