Politics

US waives shipping rule to ease fuel, fertilizer supply

The US temporarily waived a shipping regulation to allow foreign-flagged vessels to transport fuel and fertilizer between domestic ports.

Image from tbsnews.net

Image: tbsnews.net

The United States has temporarily waived a long-standing shipping regulation to ease the domestic transport of fuel and fertilizer. The action, announced by the Department of Homeland Security, suspends the Jones Act requirement for vessels moving these commodities between U.S. ports. This allows foreign-flagged ships to participate in the coastal trade, which is typically restricted to American-built, -owned, and -crewed vessels.

The waiver is intended to address supply chain constraints and potential shortages, particularly for diesel and natural gas, following recent disruptions. Officials stated the measure would help stabilize prices and ensure adequate supplies reach areas like the Northeast and Puerto Rico. The temporary waiver is set for a limited duration and applies specifically to petroleum products, including diesel, and fertilizer.

The Jones Act, formally known as the Merchant Marine Act of 1920, is designed to support the U.S. maritime industry. Waivers are rare and typically granted only during emergencies or severe supply disruptions. The decision follows similar actions taken in the past during hurricanes and other crises to facilitate the movement of critical energy resources.

📰 Original source: tbsnews.net Read original →
Share: