Pete Buttigieg, President Joe Biden’s nominee to head the U.S. Department of Transportation, has voiced his support for the Jones Act, a federal law that regulates maritime commerce in the United States. Buttigieg’s comments came in response to questioning by Sen. Maria Cantwell (Dem.-Wash.) during a nearly three-hour confirmation hearing held by the Senate Commerce, […]
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Ocean Freight Rates Declined Since 2008 Washington, DC – Economists from Boston based Reeve & Associates (Reeve) and Hawaii based TZ Economics have released a joint report, “The Impact of the Jones Act on Hawaii,” that concluded the Jones Act has no significant impact on the cost of living in Hawaii. In addition, the report found […]
American ‘blue economy’ worth nearly $373 billion June 2, 2020 America’s marine economy, including goods and services, contributed about $373 billion to the nation’s gross domestic product in 2018 and grew faster than the nation’s economy as a whole, according to the marine economy statistics released today by two Department of Commerce agencies. “These statistics […]
Heroes of the American Maritime Industry Continue to Strengthen American Sovereignty and Security WASHINGTON — The American Maritime Partnership, the voice of the domestic maritime industry, joins military and defense leaders, Administration officials, bipartisan members of Congress from every state, and 650,000 men and women that work across the domestic maritime industry in celebrating and commemorating the […]
By: Ernest Istook Posted: Apr 23, 2020 12:22 PM China aggressively aims to dominate world trade by commanding how goods are shipped around the globe as well as by making other countries dependent on its goods. Because 90 percent of world trade goes by ship, it seeks to command maritime trade by building the most […]
As the Jones Act enters its second century, much is still misunderstood about the law and its impact on the U.S. economy and national security. This forum provides a fact-based discussion on the practical effects of the reservation of coastwise cargoes for American vessels and provides insight into the practices of U.S. global competitors in […]