Central to the U.S. commercial shipbuilding industry is the U.S. Merchant Marine Act of 1920, also known as the Jones Act, which ensures a robust and competitive domestic shipyard industrial base. Shipbuilders Council of America strongly supports the Jones Act, as well as policies and programs that promote domestic manufacturing; the inland tug and barge industry; offshore oil and gas development; offshore renewable energy development; the non-contiguous trades; and America’s commercial fishing fleets.
As a result of the Jones Act, the U.S. commercial shipbuilding industry and its related supplier base support America’s fleet of more than 40,000 commercial vessels.
The U.S. shipyard industry delivered more than 1,200 vessels in 2012, which represented more than $20 billion in domestic investments. In 2013, U.S. shipyards entered into contracts for hundreds of new vessels, including the construction of state of the art oil tankers and first in the world LNG powered containerships. U.S. shipyards are also leading the way in innovation with the construction of offshore oil and gas support and dynamic positioning vessels and the world’s first LNG-powered containership.
The Jones Act ensures a robust shipbuilding industrial base that helps ensure the U.S. maintains its expertise in shipbuilding and ship repair that can be utilized by the nation’s armed forces.