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if shipbuilders were not insulated from competition, they would have offshored their manufacturing long time ago and sold out to Hyundai or some other foreign c
by slt2021 2y ago
if shipbuilders were not insulated from competition, they would have offshored their manufacturing long time ago and sold out to Hyundai or some other foreign conglomerate. (just like the rest of manufacturing left USA in 80s-90s)
Jones Act is the reason US has at least some form of domestic shipbuilding
- cyberax 2y agoThe US domestic civilian shipbuilding doesn't exist. It's dead and already smelling. For example, the Washington state needs new ferries, and their cost is literally almost 10x than the cost for the similar ferries produced in Turkey for the nearby Vancouver, BC. With this kind of cost gap, there is simply nobody who would buy the US ships unless they _have_ to. Without the Jones Act, the shipbuilders would have adapted long ago to produce high-margin high-tech components for the ships for the international market. And likely in larger quantities than they do currently.