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by andjd
1334 days ago
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Note also that that the act requires that the ships be flagged in the US and staffed by 75% US workers. This means they're subject to US minimum wage laws, and there's a smaller labor pool to draw from, so there are additional costs that raise the price of each voyage, not just a higher upfront capital cost. Additionally, since there are far fewer firms that can compete for these routes, I would expect that the margins on Jones act compliant shippers is much higher than the industry norm. |
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Using that information, it would be possible to find out where all of them are right now.
There's only 96 ships... 57 of them are tankers... and note that this also has implications for natural gas in New England this winter ( https://www.wsj.com/articles/new-england-risks-winter-blacko... ) because they typically get some LNG from international sources and that is going to be tighter this winter... so you need to get it from Texas instead, but the pipelines ( https://costcontrolassociates.com/blog/natural-gas-problems-... ) are at or near capacity and so you need to ship instead... but that gets into Jones act again.