Will pigs fly before the Jones Act changes?
An interesting comment by Clay Maitland on Splash24/7. Would the El Faro tragedy have happened ...
Debate about the highly contested Jones Act seems to be cyclical. And its time has come around again. But this is an argument not often seen, and it’s interesting. The author here argues that the act subsidises shipbuilding and maritime labour – which the US would have to do anyway, to ensure it had access to ships and crew in times of need. It could, of course, ‘lease’ them from the commercial market – another subsidy. Or as he puts ...
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Comment on this article
Martyn Benson
May 19, 2021 at 12:49 pmFree enterprise shipping and academics rarely have much confluence when it comes to real world practices.
If the Jones Act is so worthy and credible, why is the US merchant fleet so small in comparison with the volume of US trade?