THE JONES ACT CREATES AN ATTRACTIVE MARKFT FOR INVESTORS

摘要

There are two of Bill Gray's November piece conclusions on which I can agree. Congressional inaction on the Harbor Maintenance Tax lacks any rational explanation. And, the case favoring Roll On-Roll Off (Ro-Ro) services for the East Coast I-95 corridor is overwhelming. But I differ with his assertions that it is because of Jones Act U.S. build requirements that "America has no suitable short sea Roll On/Roll Off (Ro-Ro) ships", and that these Jones Act provisions "only benefit a very small number of unionized shipyard workers." I'll return to these in a bit, but first I'd like to provide a somewhat different "Jones Act" perspective.