The White House extends shipping waiver period to August to ease oil shortage

robot
Abstract generation in progress
ME News message, April 24 (UTC+8), the Trump administration extended the Jones Act-related transportation waiver for 90 days, which aims to make the transportation of oil, fuel, and fertilizers within the United States more convenient. The decision extended the existing waiver, originally set to expire on May 17, by about three months, allowing ships flying foreign flags to transport goods between U.S. ports until mid-August. Normally, under the Jones Act of 1920, cargo transported by water between U.S. domestic ports must be carried on ships that are U.S.-flagged, U.S.-built, and U.S.-owned. Trump's waiver temporarily removed these restrictions for coal, crude oil, refined oil products, natural gas, natural gas condensate, fertilizers, and other energy derivatives. (Source: PANews)
NG-1.33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned