President Trump Issues 60-Day Waiver of Jones Act, Includes LNG

We lead with this story about a government regulatory action because of just how important we see this development. For *years* we have railed against the 106-year-old Jones Act and its requirement that any goods (like LNG) that are transported from one U.S. port to another be on a ship manufactured in the U.S., owned by a U.S. company, and crewed by a U.S. crew. The effect of this law in the modern age is to ban LNG (and other shipments, like gasoline, propane, coal, and other products manufactured in the U.S.) from being shipped cheaply from port to port. The U.S. foolishly allowed its ship manufacturing to slip away years ago to South Korea and other countries. We no longer make cargo carriers for LNG and other energy products. We haven't made them in decades. Yesterday, President Trump signed a 60-day waiver of the Jones Act, allowing certain goods (such as LNG, fertilizer, and coal) to be transported from U.S. port to U.S. port on foreign-owned, foreign-flagged and crewed ships.

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