Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
As instability rises in the Middle East, the Israel-Palestine war now threatening to encompass Iran, ...
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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 Would the El Faro tragedy have happened if it wasn’t for the outdated Jones Act?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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