Last week, Crowley announced that a French-built LNG tanker it recently purchased will begin supplying American natural gas to Puerto Rico. #NewsismyBusiness
By Larry LuxnerSpecial to News is my Business Sen. Mike Lee, a Utah Republican viewed as one of the most conservative members of Congress, said lighting “a Dumpster full of manure on fire” would be an appropriate way to mark today’s 100th anniversary of the Jones Act. The controversial legislation, approved by Congress on June […]
The Jones Act (Senator Wesley Jones), or the Merchant Marine Act of 1920, was signed into law by President Woodrow Wilson with the intent of having a ready and able merchant marine that could be ready to enter and back up the military in the event of a military conflict. This purpose is still sustained […]
In a recent issue of News Is My Business (NIMB) an Op-Ed piece summarized a new study on the impact of the cabotage law on Puerto Rico. It is better than all previous ones, according to the co-author of the study, who modestly attributes this to the fact that they interviewed importers and not because […]
Our firm, Advantage Business Consulting, just concluded a study on the impact of the Jones Act on Puerto Rico that is much better than the two studies commissioned by the Jones Act Carriers (JACs) or even the one prepared by the General Accounting Office (GAO). It is not that we are geniuses at Advantage. It […]
The cost of transportation of goods between Puerto Rico and the U.S. mainland has a “devastating impact” on the local economy estimated at $1.5 billion in lost activity, according to two independent investigations unveiled today. The study to determine the “real and transparent data” on the effect of cabotage laws in Puerto Rico, was commissioned […]
Economists from Boston-based Reeve & Associates and San Juan-based Estudios Técnicos Inc. released a joint report, “The Impact of the Jones Act on Puerto Rico,” that concluded the Jones Act has no impact on either retail prices or the cost of living in Puerto Rico.
Rep. Nydia M. Velázquez (D-NY) led members of Congress in writing the U.S. Department of Homeland Security calling for tangible steps to accelerate Puerto Rico’s recovery from Hurricane María.
WASHINGTON — Sen. John McCain (R-Arizona) lashed out at the Jones Act during a panel at the Heritage Foundation, saying the 94-year-old maritime law is an anachronism that hurts U.S. farmers and manufacturers at the expense of foreign rivals.
Puerto Rico needs to make "clear demands" to the U.S. government regarding what is needed to pull through its present difficulties, including requesting more flexibility with the Jones Act, a legislation that is also hurting Hawaii.
We knew that the recently completed study on Puerto Rico’s maritime cargo would be controversial because cabotage issues, part of the study, have been discussed for decades and have become an emotional and politically charged subject.
A recent study by the firm Estudios Técnicos, paid by Jones Act shippers, purports to show the benefits for Puerto Rico of the Jones Act. The federal law requires all goods transported by water between U.S. ports be carried in U.S.-flag ships, built in the U.S. and crewed by U.S. citizens and permanent residents. The analysis, as described by a local business publication, makes for sad reading.
The Senate agreed today to ask the U.S. Congress to pass a law that grants a partial exemption to Puerto Rico on compliance with Jones Act (cabotage) laws to allow the use of large maritime vessels built outside the United States.
The U.S. International Trade Commission should conduct a study similar to what the U.S. Government Accountability Office released last week when implementing a free trade agreement “to confirm the impact of the treaty on the economy, companies and consumers of the countries that sign the treaty to supplement the lack of data referenced by the GAO study itself,” the head of the Puerto Rico Chamber of Commerce (CofC) said Monday.
The U.S. General Accounting Office released Wednesday a lengthy report assessing the impact of the Jones Act on Puerto Rico’s economy, saying, among other things, that the effects modifying the application of mandate “are highly uncertain, and various trade-offs could materialize depending on how the Act is modified.”
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