Jones Act is “pro-American” only if failure is the policy metric

Source: Hawaii Reporter
by Jonathan Helton

“[T]he Jones Act actually undermines U.S. industry and jobs. Its alleged purpose was to bolster America’s domestic maritime fleet and ensure national security. But with only 94 large oceangoing Jones Act-qualified ships left — down from 257 in 1980 — it is pretty clear the law has failed. To put that in perspective, there are more than 54,000 large oceangoing merchant vessels worldwide, leaving the U.S. with less than 1% of the international market share. U.S. shipyards capable of building oceangoing commercial ships, meanwhile, had declined to a mere four as of 2021, during which they did not deliver a single Jones Act ship. … even though the United States is the world’s top natural gas producer, there are zero Jones Act tankers capable of carrying the fuel between U.S. ports. That’s because these ships cost an estimated two to three times more to build in U.S. shipyards than overseas.” (04/28/22)