Jones Act: frustrating, or fundamental to the US?
The Jones Act, established to protect US shipping, continues to impede some logistics activities, prompting ...
DAC: REACTIONDAC: EARNINGS MISSHD: SOLID WTC: BACK UPGM: BEAUTIFUL HIGHSXPO: STELLARHD: ON THE RADARTSLA: SELL-SIDE BOOSTTSLA: EUPHORIADAC: HEALTH CHECKDHL: GREEN DEALBA: ASSET DIVESTMENTRXO: ONE OBVIOUS WINNER DHL: UBS TAKEDHL: DOWNBEAT
DAC: REACTIONDAC: EARNINGS MISSHD: SOLID WTC: BACK UPGM: BEAUTIFUL HIGHSXPO: STELLARHD: ON THE RADARTSLA: SELL-SIDE BOOSTTSLA: EUPHORIADAC: HEALTH CHECKDHL: GREEN DEALBA: ASSET DIVESTMENTRXO: ONE OBVIOUS WINNER DHL: UBS TAKEDHL: DOWNBEAT
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.