Colin Grabow
@cpgrabow
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Associate Director, @CatoInstitute’s Herbert A. Stiefel Center for Trade Policy Studies #EndTheJonesAct https://t.co/PumxFjaPQE
Washington, DC
Joined June 2009
GULF ENERGY and BERING ENERGY, mentioned earlier in this thread, were spotted laid up in Norway last year:
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.@RitchieTorres: "[The Jones Act] fails to live up to its purported national security rationale. and the irony is that the Jones Act-compliant ships are themselves dangerously dependent on China’s manufacturing base." 🔥🔥🔥
I was super excited to get to interview @RitchieTorres recently along with @TahraHoops. He's awesome! .We talked about all kinds of stuff from economic geography to AI to the Jones Act (which he gave a great answer on!) and more. Link below if you want to see the full interview.
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"[The US]. leaned on 🇰🇷 for shipbuilding cooperation because the US shipbuilding sector has collapsed. Overprotectionist measures such as the Jones Act. entrenched a high‑cost, low‑productivity structure that ultimately drove US shipyards out of business."
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Good to see tax nerds getting in on the JA disrespect
Perspective: Guy A. Bracuti examines President Trump’s Executive Order 14269, “Restoring America’s Maritime Dominance,” and the tax provisions of the Shipbuilding and Harbor Infrastructure for Prosperity and Security for America Act of 2025.
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Australia ordered nine Mogami class frigates this week, three of which will be built in Japan with first delivery set for 2029: Meanwhile, an Arleigh Burke class DDG was ordered this week from @GDBIW with a target delivery date of August 2032:.
gcaptain.com
Japan’s Mitsubishi Heavy Industries won a multi-billion dollar deal to build a fleet of advanced naval frigates for Australia, boosting Tokyo’s ambitions to become a major exporter of military...
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Other examples of tens of millions of dollars being spent abroad (including China) keeping old ships in service instead of buying new ones. Guess that's just another example of JA-provided National Security™.
@RepEdCase @AMPmaritime Their lone competitor in the Hawaii trade, Pasha, has also had numerous vessel repairs there, including the conversion of an ancient (1980-built) ship from steam propulsion to LNG.
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BTW, Singapore is just my educated guess based on open source info of where the work was performed. Very possible it came from another yard given that it crossed the Panama Canal.
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Sources: . * $60m spent: * $86m for new Suezmax: * $500m for US-built Suezmax: * Work performed in Singapore:
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JA theory: old JA ships are replaced with new ones, ensuring the health of US shipyards. JA reality: New US-built ships are so costly that $$ is instead spent in foreign shipyards on upgrades/maintenance to keep aging vessels in service (typical lifespan of a Suezmax tanker.
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$60 million spent on buying/upgrading a 21-year-old Jones Act Suezmax tanker (work performed in Singapore). Overseas, a brand new one could be purchased for $86 million. But this is JA world, where the estimated cost of a new US-built Suezmax is $500 million.
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@ShipbuildersUSA One other observation: At 1:05:34 Paxton states: . "There's a section [of the SHIPS Act] on ship repair. that looks to 'How do we maintain this Strategic Commercial Fleet? How do we maintain the [Maritime Security Program]? How do we maintain the tanker security fleet?' And.
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Here, BTW, is the response from @ShipbuildersUSA's president: Highlights:. * Slogans about national, homeland, and economic security.* Because China.* Shipbuilding has always featured industrial policy/govt intervention.* Comparison with the US EEZ. At no
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