High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
In this interview, U.S. Maritime Administrator, Rear Admiral Mark Buzby, discusses the need to build a bigger U.S. merchant marine fleet to support global operations and support American trade and military operations in both peace and war. In the interview, Buzby also touches on subjects such as the Jones Act, domestic shipbuilding, the shortage of merchant mariners, and growing competition from countries like China.
The interview was conducted by Defense & Aerospace Report Editor, Vago Muradian, this week at the Navy League’s 2019 Sea Air Space conference and tradeshow near Washington, D.C.
Join the 67,435 members that receive our newsletter.
Have a news tip? Let us know.