Why America needs the Jones Act
The Jones Act has had its naysayers and proponents for years. But as the world ...
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KNIN: RIPPLE EFFECTDSV: SPIKINGMAERSK: GOODBYE SCHENKERBA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEAL
The extraordinary story of seafood shipper American Seafoods Co, which transports fish and other seafoods from Alaska to customers in the US east coast region. To circumvent Jones Act regulations, which forbids non-US shipping lines from carrying domestic cabotage cargo from one US port to another, American Seafoods has been sending its shipments on foreign-flagged vessels via the Panama Canal to Canada’s Atlantic coast, and then transporting overland to the US. The company argues that the practice is perfectly legitimate. US Customs and Border Protection (CBP) disagrees and has so far issued penalties totalling $350m, according to The Maritime Executive. American Seafoods has called it “an unjustifiable agency overreach”.
Comment on this article
Mark Brage
September 09, 2021 at 1:27 pmThere is an easy to understand solution for American Seafoods to remedy their violations: hire or purchase Jones Act certified ships. This need not be a complicated case to resolve.