by William Lafferty » July 6, 2025, 1:00 pm
In order to launch a national merchant shipbuilding program in the United States as occurred in 1936 and 1970 through legislation, absolutely massive investment by the government would be needed. In 1970 it was direct subsidy to the shipyards. Despite the Executive Order issued in April, given the present overall political climate, I don't see that happening. A far more rational response by this government would be to revoke the Jones Act and allow foreign vessels to trade among American ports, a goal of the right since the act was enacted. This solves the shipbuilding problem, using other' vessels, and would greatly affect the maritime labor market, which I doubt would be of much actual concern except to those who would be directly affected. Revocation of the Jones Act would also solve the American shipbuilding "problem," since American operators could have vessels built in foreign yards. The present Great Lakes fleet would be replaced by specifically the types of salties that now enter the lakes. I'm sure CSL would be thrilled to bring the Jebsen self-unloaders it acquired into the lakes and dominate the trade. Fincantieri, by the way, is 71% owned by CDP Equity S.p.A, which in turn is 100% owned by Cassa Depositi e Prestiti S.p.A., which is 83% owned by Ministero dell'Economia e delle Finanze (the Italian Ministry of Economics and Finance). With Austral and other foreign actors getting into the shipbuilding game here, it's becoming difficult to determine what is actually an "American" shipbuilder. Is having a major builder of American naval vessels (Marinette Marine) being controlled by a foreign government (even a friendly ally) a good idea? Any shipbuilding renaissance in this nation, if it occurs which is highly doubtful, it will be focused upon military shipbuilding, while merchant shipbuilding will be determined by the bottom line and nothing else.
In order to launch a national merchant shipbuilding program in the United States as occurred in 1936 and 1970 through legislation, absolutely massive investment by the government would be needed. In 1970 it was direct subsidy to the shipyards. Despite the Executive Order issued in April, given the present overall political climate, I don't see that happening. A far more rational response by this government would be to revoke the Jones Act and allow foreign vessels to trade among American ports, a goal of the right since the act was enacted. This solves the shipbuilding problem, using other' vessels, and would greatly affect the maritime labor market, which I doubt would be of much actual concern except to those who would be directly affected. Revocation of the Jones Act would also solve the American shipbuilding "problem," since American operators could have vessels built in foreign yards. The present Great Lakes fleet would be replaced by specifically the types of salties that now enter the lakes. I'm sure CSL would be thrilled to bring the Jebsen self-unloaders it acquired into the lakes and dominate the trade. Fincantieri, by the way, is 71% owned by CDP Equity S.p.A, which in turn is 100% owned by Cassa Depositi e Prestiti S.p.A., which is 83% owned by Ministero dell'Economia e delle Finanze (the Italian Ministry of Economics and Finance). With Austral and other foreign actors getting into the shipbuilding game here, it's becoming difficult to determine what is actually an "American" shipbuilder. Is having a major builder of American naval vessels (Marinette Marine) being controlled by a foreign government (even a friendly ally) a good idea? Any shipbuilding renaissance in this nation, if it occurs which is highly doubtful, it will be focused upon military shipbuilding, while merchant shipbuilding will be determined by the bottom line and nothing else.