The Merchant Marine Act of 1920, better known as the Jones Act, has been a cornerstone of American maritime policy for over a century. It created a framework that would enable the maritime industry to become a foundational element of the world’s largest economy.
However, in 2024, its effectiveness is facing renewed scrutiny. The role the Jones Act should play in the next 100 years are top of mind for stakeholders across the industry as they consider:
• Foreign Competition: How can the law be adapted to address concerns about foreign companies potentially exploiting loopholes or operating in ways that disadvantage domestic operators?
• The Impact on the Shipbuilding Industry: Has the Jones Act preserved a viable American commercial shipbuilding industry in a way that can enable further growth?
• Geopolitical Rivalry Realities: In the context of heightened competition with China, how does the Jones Act impact U.S. maritime capabilities and its ability to project power globally?
As part of a keynote breakfast, the International Workboat Show will bring together industry experts to answer these questions and address these critical issues. They will delve into the current state of the Jones Act in 2024 and its potential impact on the future of the American maritime industry, equip you with the knowledge to make informed decisions and much more.
Takeaways:
This session will equip attendees with strategies to navigate the current Jones Act landscape and optimize their operations. Additionally, they’ll gain insights into key considerations for developing business strategies in light of potential Jones Act revisions and the evolving maritime environment.
