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Shipbuilding Regulations: Cents and Sensibility
Addressing the Jones Act is just one aspect of an increasingly complicated boatbuilding environment. Stovepiped, poorly conceived regulations is another. The sting of the recession is fading, but the economic vitality of the marine industry is still in jeopardy. That’s because the current regulatory environment and the foreshadowing of its future is concerning. Boat builders and operators alike understand and accept that the premise of the rules is to promote safety…
Keeping up with the Jones (Act)
The continued existence of the Merchant Marine Act of 1920 carries with it substantial economic and financial benefits. Its repeal could be catastrophic. The three-legged stool commonly referred to as the Jones Act is officially known as the Merchant Marine Act of 1920. For the purposes of national defense and growth of domestic commerce, it most simply calls for the waterborne transport of cargo and/or passengers between U.S. ports to be limited to U.S. flagged vessels.