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The Jones Act also bans registering a vessel in the US if it wasn't built there. US shipbuilders are happy serving the captive market, so if you want one to bui
by MrMorden 8y ago
The Jones Act also bans registering a vessel in the US if it wasn't built there. US shipbuilders are happy serving the captive market, so if you want one to build an LNG carrier it'll cost at least four times what Samsung charges.
If the US had an open registry, there would be US-built LNG ships; there's no shortage of competitive American shipbuilders that make vessels small enough to be exempt. But the Jones Act pissed that away, as protectionist laws invariably do.
- wmoser 8y agoThis is sort of incorrect, it is possible to flag a foreign built ship under the American flag, it just isn’t eligible for Jones Act trade. There are a few reasons why a company might want to do this but for the most part, companies will choose a flag of connivence over American flag if they can sail between US ports anyways.