Entries for 'Michael Hansen'

60% of all shipbuilding and repairing revenue is from U.S. military sources....

Built in Poland in 1988, the NATIONAL GLORY was seized and confiscated in a 2008 drug bust by the U.S. Government and later sold at auction to U.S. owners....

...we believe that the Jones Act can be modified to greatly lessen its currently negative impacts on the nation’s economy....

The past week was busy with coverage of the Jones Act....

"Resident Commissioner intends to introduce legislation in light of report’s findings"

...15 initiatives, many of which depend upon more efficient seaborne transportation....

A bipartisan group of five Hawaii State Representatives introduced in the current session a pair of resolutions calling on the U.S. Congress to enact reform ....

Net loss decreased by approximately 48% to $94.7 million from $229.4 million in 2011....

...the several planned LNG export terminal projects at Kitimat are probable sources of LNG for Hawaii....

GAO is now indicating that they will issue their long awaiting report on the economic impact of the Jones Act on Puerto Rico, on Thursday, March 14, 2013....

The proposed Jamaica logistics hub would act as a transshipment point for the Caribbean, Latin America and the U.S. East and Gulf Coasts....

“Although the US Jones’ Act fleet only accounts for 10% of the total capacity of containerships used in cabotage trades, its impact is disproportionately higher due to the requirement for vessels to be US-built, unlike most other countries...."

...the New York Fed identified the Jones Act as a major impediment to the Island’s prosperity....

The type of ship needed to transport LNG is a highly-specialized kind of tanker ship known as an LNG Carrier, none of which have been built in the U.S. since the mid-1970’s....

...rising cost of petroleum fuels coupled with strict new international air pollution regulations for ships are causing ship owners and operators to look seriously at the use of LNG ....

...commentary not only addresses the primary U.S. cabotage statute – i.e., the Jones Act – but also the pernicious effects of cabotage laws in other countries....

 “Any action that weakens the protectionism of the Jones Act will ultimately be to the long-term benefit US shipping.”

...influential British maritime journal Lloyd’s List published three articles today regarding the long awaited US. Government Accountability Office release of a report on their study of the impact of the Jones Act on Puerto Rico....

Bloomberg calls for major Jones Act reform in two parts: elimination of the U.S. build requirement for ships engaged in domestic coastwise trades; and, a more controversial proposal to allow foreign ship owners to compete....

A major dock strike could shutdown work on the U.S. East and Gulf Coasts when the current longshore contract covering container cargoes on those coasts expires at midnight Saturday, December 29, 2012....

 “the remote states and territories.”

A leading Jones Act shipowner said last week they will build two containerships in the United States that were designed by a foreign shipbuilder and will be fitted with foreign manufactured components....

...Matson is planning to acquire, within the next five years, two new mainline ships for the extravagant price of U.S. $400 million.... 

Perhaps the most important upcoming development in respect of Jones Act reform will occur early in the first quarter of 2013. That is when the federal Government Accountability Office (GAO) is expected to release a Jones Act study requested by the resident commissioner of Puerto Rico, Representative Pedro Pierliusi (D).

...the “prices for new ships have fallen to an eight-year low” and may be pushed down another 15 percent....

The Jones Act Waiver was requested by New York Governor Andrew Cuomo ....

To go beyond supplying their current gas customer base in Hawaii, it will be necessary for Hawaii Gas and the other players to look at a very much larger scale program....

The long predicted fight over the foreign flag carriage of crude oil from the U.S. Government’s Strategic Petroleum Reserve (SPR) on the U.S. Gulf Coast to refineries on the U.S. East Coast seems set to begin in earnest ....

"...it’s come to the point where we are wondering whether it’s worth continuing the business...."

The Star-Advertiser asked all 24 candidates running for three federal offices 6 questions including, “Should Hawaii be exempt from the Jones Act, the federal law that protects the domestic shipping industry from foreign competition?” 

...additional costs to be incurred by carriers switching to low sulfur ship fuels as required by an international convention, which the United States Senate has not ratified but is being imposed anyway by President Barack Obama’s administration beginning on August 1, 2012....

“Dems and Mr. Jones, they got a thing going on. They both know it’s wrong. But it’s much too strong to let it cool down now.”

...trapped in a protected and proscribed market, surrounded by customers who don't like paying its exorbitant rates and unable to afford modern ships....

The Navy released its preliminary findings yesterday in the case of the fire aboard the Los Angeles Class fast attack nuclear submarine USS Miami (SSN 755) that may result in the vessel being assessed as a total constructive loss....

Rep. Hirono states that the Jones Act has created 10,000 maritime jobs in Hawaii, and the Hawaii maritime industry generates an annual turnover of more than $4.7 billion and provides wages of $1.1 billion. These are extravagant numbers ... 

The Governor of Guam, the Honorable Eddie Baza Calvo’s Council of Economic Advisors has recently released the outline of their new economic plan, and Jones Act reform is a key element of that plan....

...in a direct rebuff to U.S. shipyards, it will refit three of its ageing containerships in Asia hypocritically skirting the so-called “second proviso” of the Jones Act....

Horizon wishes to assure the Jones Act industry of its fidelity and that it will not succumb to the siren call of Jones Act reform even if that means it will never have a chance to rationally renew its fleet of dreadful old clunkers....

In response to my article, a reader asks: “We get all the natural gas we need now. How does it get here? The article makes it sound impossible, but it’s here.”

Professor Stiglitz explained that the first time the Jones Act came to his attention is when he worked on the President’s Council of Economic Advisors and it was identified as a major impediment to the national U.S. economy....

There are no Jones Act ships available to transport the LNG from the contiguous United States or Alaska to Hawaii. No deep draft LNG carrier has been built in a U.S. shipyard for at least 30 years....