The Loadstar Explainers: CBP refund process; USTR Section 301 investigation; Jones Act waiver plan
There is a lot of coming out of the US this week that could have ...
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By Alex Lennane
An interesting comment by Clay Maitland on Splash24/7. Would the El Faro tragedy have happened if it wasn’t for the outdated Jones Act? A 40-year-old ship, sailing in hurricane season from Jacksonville, loses propulsion. The problem, he notes, is that US shipyards are about four times more expensive as Chinese ones, the consequence of which is to ensure that the US fleet is going to get older and older, with few replacements. The answer could be subsidies for shipyards, or a change in the law. But will Congress ever act?
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