What is the world going to do? The US is the only country that has a "blue water" navy. That means not just enough ships to go to sea, but enough of a supply line to handle all the logistics of having ships anywhere in the world they want them, for as long as they want.

Everybody else (with sea access) has a coast guard, and maybe a few ships for show. China is making enough ships that in a decade they could be there, but it isn't clear they want to go there - they don't see to be building the world supply line needed (but around China they do have that power already).

That is if you don't like the current situation with the US deciding the rules of the sea, then you need to pay for your own navy.