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How do oil drilling rigs do it? Are there so few that there are enough specialized vessels with US flags, or is there an exemption?
by gumby 3y ago
How do oil drilling rigs do it? Are there so few that there are enough specialized vessels with US flags, or is there an exemption?
- legitster 3y agoMoney. Oil rigs are expensive and profitable enough to warrant throwing huge piles of money at shipping costs.
- gumby 3y agoMoney doesn't get you around the Jones act. Do you mean they simply spend the money on US flagged ships or that they spend extra on engineering to stay far enough away that they don't need a US flag?
- legitster 3y agoBoth. Oil rigs in US territorial waters actually qualify themselves as Jones Act vessels. But I am also sure they don't mind paying the costs to charter US ships when needed or get ships from further afield.