The Great Jones Act Debate

Bullish

• $CHINASHIPPING— China is strategically investing in and potentially dominating the global shipping industry, which could benefit Chinese shipping companies.

  • “The People's Republic Of China has made a strategic decision to overinvest in its own maritime capability. They are deliberately undermining the prices, low boiling the prices for shipbuilding, for shipping services, for ship to shore cranes. They want to be the only provider out there.”

    Sara·15:31Hear it

Bearish

• $USSHIPBUILD— US shipbuilding has been internationally uncompetitive for a long time, suggesting it may be a poor investment.

  • “Folks, US shipbuilding has been internationally uncompetitive since the civil war. Okay? This is not something that happened recently. It's been going and nobody is buying ships from Norway instead of The United States because of the cheap wages. That's absurd.”

    Colin·30:01Hear it
• $JONESACT— The Jones Act is ineffective for national security and may be detrimental to the US economy, with its job creation claims being greatly exaggerated.

  • “The Jones Act doesn't say you can't come into US waters. It just regulates what you can do within US waters. So they're here and talk about hazardous materials. I mean, they're they're all the tankers coming out of Houston, Corpus Christi with energy products, I mean, the vast majority are foreign.”

    Colin·28:35Hear it

  • “So it's our reference, 650,000 jobs. That's based on a study that calculated there were, somewhere like 98,000 jobs actually in the domestic maritime industry. Each one of those has a multiplier of, like, five, and then you add those together and that's”

    Colin·31:35Hear it

Not investment advice.