The Jones Act moves industry and America’s economic prosperity

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Defence of US cabotage regulations, known as the Jones Act, from US maritime administrator Paul Jaenichen – in a nutshell, significant parts of the US maritime industry, such as its shipbuilding sector, would not have  survived had they not been wrapped in cotton wool for the best part of a century, protected from cheaper, foreign competition. For what it’s worth, The Loadstar remains unconvinced by his arguments on two counts: firstly, the increased cost of US domestic shipping ultimately gets ...