New $200 million venture capital fund targets maritime infrastructure to counter China’s dominance in global shipbuilding.
A $200 million venture capital fund, TMV Logistics, has launched to invest in U.S. shipbuilding and maritime infrastructure. Backed by Prologis and the American Bureau of Shipping, the fund will focus on early-stage companies developing autonomy, robotics, and next-generation fuels for the sector.
The initiative follows U.S. efforts to revive an industry that has lost significant market share to China, South Korea, and Japan. China’s state-controlled shipbuilders, such as the China State Shipbuilding Corporation, produced more commercial vessels in 2024 than the U.S. has since World War II, raising national security concerns in Washington.
The fund will target five technology themes, including operational AI and energy transition, to modernize U.S. maritime capabilities. The move aligns with broader geopolitical strategies to reduce reliance on foreign shipbuilding.