Recent numbers from a maritime industry insider provide further evidence of the erosion in the competitiveness of US shipyards that construct vessels under the protectionist Jones Act.
An underappreciated paradox of ferry rides to the Statue of Liberty is that visitors to the world’s most famous monument to liberty are transported by vessels rooted in coercion.
A Biden administration proposal to make the protectionist Buy American Act even more restrictive is deeply misguided. If the White House seeks to bolster US industry, it should instead seek the removal of barriers to US economic competitiveness.
A Wall Street Journal op-ed that called for reforming protectionist laws to improve the flailing US maritime industry elicited a response from Sen. Roger Wicker. In this blog post, we debunk several points raised by the Mississippi senator.
Thanks to Jones Act protectionism and Chinese shipyards, old ships are kept in service long past their normal lifespan. It’s an outcome that serves neither U.S. economic nor national security interests.
The economists estimate that East Coast consumers would experience benefits to the tune of $896 million per year while overall consumer surplus would rise by $769 million annually.
India appears poised to scrap the country’s cabotage law as part of an effort to promote domestic shipping, and other countries have relaxed similar restrictions in recent years. The United States should follow in their footsteps.