Whats Going on with Shipping
@wgowshipping·697K subscribers·1.2K videos
Jones Act Waiver, Again! | Charter Rates Increase for LNG Tankers | China Wants More Gas!
Posted
October 17, 2022
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33,244
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October 17, 2022
33,244
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16:54Now PlayingJones Act Waiver, Again! | Charter Rates Increase for LNG Tankers | China Wants More Gas!
What's Going On With Shipping?
October 17, 2022
In this episode, Sal Mercogliano - maritime historian at Campbell University and former merchant mariner - discusses the decision by Department of Homeland Security Secretary Mayorkas to issue a second Jones Act waiver for the island of Puerto Rico, this time regarding the shipment of Liquified Natural Gas (LNG). The video examines the situation facing Puerto Rico in the importation of LNG, the role that the Jones Act (specifically Section 27 of the Merchant Marine Act of 1920) plays in this, and what the recent announcement by China of LNG purchases means for global charter rates and the island of Puerto Rico. Finally, there is a plan presented that addresses all these issues that could alleviate all the issues regarding the shipment of American LNG via the coastwise (Cabotage) trade.
#LNG #JonesAct #PuertoRico #china #supplychain
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Biden Administration Issues Second Jones Act Waiver for Puerto Rico Applying to LNG
Statement by Secretary Mayorkas on the Approval of a Jones Act Waiver for Puerto Rico
US Department of Energy, LNG Monthly October 2022
LNG rates climb to $450,000 a day
China Halts LNG Sales to Foreign Buyers to Ensure Own Supply
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