Cruise Industry Adds to US Trade Defecit Declares Lobbyist

Press Release
Tuesday, February 19, 2013

Executive claims 'Carnival Triumph', 'Carnival Splendor' & even 'Costa Condordia' are but the "Tip of the Iceberg".

World City America Inc., president, Stephanie Gallagher asks when will U.S. politicians and reporters ask the right questions about this non-U.S. industry? An extract from her statement follows:

American passengers account for over 90 percent of the revenues earned by over 150 foreign-flag cruise ships sailing out of U.S. ports. It's a $40 billion-a-year industry that competes unfairly with American hotels, resorts, casinos and convention facilities. "Unfairly" because it is exempt from U.S. safety, environmental and labor regulations. It does not pay U.S. corporate taxes on its profits, and it is not required to hire American officers or crew.

As a result, the cruise industry is among the top ten contributors to our trade deficit along with countries like Japan, China, Mexico and Germany.

American courts will not decide passenger or crew grievances. Liberian or Panamanian or Bahamian courts – whichever "flag of convenience" happens to be flying – will.

It is true that millions of American passengers have taken a cruise on one of the foreign-built, foreign-owned and foreign-flagged cruise ships without incident. But...is that any reason to turn a blind eye to the possibility of a major disaster, one that will not be handled by U.S. authorities or U.S. courts?

Isn't it time to ask why these ships are not flying the American flag, are not hiring American officers and crew, and are not paying taxes on their multi-billion dollar annual U.S.-sourced profits? Why are they allowed to compete unfairly with Marriott, Westin, Hilton, Radisson, Harrah's, Wynn Resorts, Las Vegas Sands, Universal Studios, and other U.S. hospitality properties?


 

 


People & Company News

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

MN100: All American Marine, Inc.

The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today,

Five Minutes with Paul Switzer

Five minutes with Paul Switzer - Manager, Shipbuilding & Offshore, Viega   For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company

Cruise Ship Trends

Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.

Pods Versus Water Lubricated Props

Thordon Bearings has called on the marine industry to investigate the characteristics of both conventional seawater-lubricated propeller shaft systems and podded

Grand Bahama Shipyard Adds Four Executives

Grand Bahama Shipyard Limited (GBSL), a Caribbean shipyard providing retrofit, refurbishment and revitalization to cruise and commercial vessels, has added four

Finance

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

European Owners Lead in Buying Up Secondhand Tonnage

With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.

Monjasa Bags Credit Facility from Société Générale

Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million.    A statement from

People in the News

Five Minutes with Paul Switzer

Five minutes with Paul Switzer - Manager, Shipbuilding & Offshore, Viega   For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company

Höegh LNG Speeds up FSRU Conversion

Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project,

Fugro, US Army Corps of Engineers Ink Mapping Deal

Fugro has been awarded a photogrammetric and LIDAR surveying and mapping contract by the U.S. Army Corps of Engineers, St. Louis District, Missouri. The agreement

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0884 sec (11 req/sec)