Quote:
Originally Posted by benb
I would wonder if it might be a possibility we do something like create a law that doesn’t allow ships like these in inner harbors. Require a US or EU flag or crew along with the requisite safety regulations if you want access to ports where you could cause a billion dollar disaster. The owners are almost always US or EU based but washed through shell companies and other tricks.
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We already do that (Jones Act) for shipping within the US. It's massively costly, and not just because of tighter regulations. Lots of summaries, both for and against, online. Short version: the Act drives down competition, drives up prices, and reduces shipping over water (as truck/train/etc become relatively more affordable). The Jones Act also requires US-built ships, which adds even more to the cost, not sure if you were implying that as a requirement (vs just US (or EU)-flagged and crewed).
Two in-depth reports (both against):
https://www.cato.org/publications/po...r#introduction
https://www.theatlantic.com/ideas/ar...-biden/673433/