Liskow attorney Lance Bullock was recently featured in New Orleans CityBusiness’ Ports & Transportation Issue with his article, “Jones Act Waiver Sparks Maritime Industry Concerns.” The article examines the Trump administration’s temporary waiver of the Jones Act, which allows foreign-flagged vessels to transport certain energy commodities between U.S. ports amid disruptions in the Strait of Hormuz and spikes in oil and natural gas prices.
In the article, Lance explains the purpose of the Jones Act and its role in protecting the domestic maritime industry and maintaining a merchant marine capable of supporting national defense interests. He discusses the short-term benefits of the waiver, including increased flexibility in energy transportation, reduced freight costs and potential relief for refinery supply chains, while also examining concerns that repeated waivers could weaken the Act and encourage efforts to permanently reform or reduce cabotage protections. Lance also addresses the potential impact on U.S. vessel operators, shipyards and maritime labor, as well as related contract and insurance considerations.
The article concludes by examining the tension between the Jones Act’s role in supporting U.S. maritime sovereignty and the challenges of maintaining stability in a globalized and crisis-prone energy market. Lance highlights the national security implications of increased reliance on foreign shipping and considers whether the temporary suspension will remain an isolated measure or signal broader reform of the Jones Act.
Read the full article here.