Friday, March 1, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, August 3, 2023
Steve Forbes says the Jones Act should be sunk
By Michael Hansen @ 10:37 PM :: 2415 Views :: Jones Act

The ostensible purpose of the Jones Act, enacted more than a century ago, was to protect and promote the U.S. shipping industry. It mandates that cargo transported between two American ports must be carried on ships that are American-made, American-owned and American-staffed.

But, as this episode of What’s Ahead explains, the law has ended up hurting our national security by severely harming American shipbuilding, making us more dependent on imported energy, damaging our ports and waterways and inflicting unnecessary pain on victims of natural disasters.

Steve Forbes says the Jones Act should be sunk

by Mike Hansen, Hawaii Shippers Council, August, 2023

Steve Forbes Jr., editor-in-chief of the eponymous business publication, Forbes Magazine, posted on August 3, 2023, a 3.5 minute video on the magazine’s website entitled, “Why The Jones Act Is Hurting America And Must Go To Davy Jones' Locker.”

Forbes expresses his very strong point-of-view regarding the Jones Act. At the beginning the video, Forbes says “the Jones Act should be sent to the bottom of the sea” and concludes the video saying “it must go to Davy Jones Locker.”

Forbes touches on a number problems he perceives with the Jones Act including:

  • Hurts U.S. national security
  • Causes artificially high cost of U.S. ship construction as compared to international shipbuilding
  • Led to the decline of the U.S. oceangoing shipping fleet and shipbuilding industry
  • Negative impact on the U.S. noncontiguous jurisdictions (Alaska, Guam, Hawaii, and Puerto Rico)
  • Distorts energy (natural gas and petroleum) transportation (to road and rail and import substitution)
  • Impedes natural disaster relief (requiring politically difficult to obtain Jones Act waivers)

There is one serious error in the Forbes video as follows:

. . . constructing tankers and containerships in the U.S. now costs almost five times as much as it does for similar vessel in yards in Japan, Norway and North Korea. @1.5 min.

It should read along these lines:

. . . constructing tankers and containerships in the U.S. now costs four to five times as much respectfully as it does for comparable vessels in yards in Japan, South Korea and China.

Explanation:

Norway is no longer a major builder of large oceangoing ships. Shipbuilding in Europe has essentially collapsed since its post WWII heydays.

North Korea is not and has never been an important builder and exporter of commercial ships

The primary builders of self-propelled oceangoing ships of 1,000 gross tons and greater are South Korea, China (PRC) and Japan (in that order of production).

Collectively, these three Asian countries build over 90% of the large self-propelled ocean going ships of 1,000 gross tons and greater on a worldwide annual basis.

The majority of the ships built by these three Asian countries are for export and employment in the international trade.

--00—

FORBES: Why The Jones Act Is Hurting America And Must Go To Davy Jones' Locker (forbes.com)

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT