MarEx Special Edition | Jones Act Repealed, Venezuela Seizes U.S. Company Oil Rigs

Please Click Here if you are unable to view the newsletter June 25th, 2010 Vol. 8, No. 44 Senator John McCain Pushes to Repeal the Jones Act The Senator Introduces Open America's Water Act "Today I am pleased to introduce legislation that would fully repeal the Jones Act, a 1920s law that hinders free trade and favors labor unions over consumers. Specifically, the Jones Act requires that all goods shipped between waterborne ports of the United States be carried by vessels built in the United States and owned and ... Read More>>>Back to Top Chavez Seizes Control of US Owned Oil Rigs Venezuela continues its aggressive nationalization of foreign owned businesses. The government of Hugo Chavez has taken control of dozens of privately owned companies as the government continues to expand the state's role over the Venezuelan economy. Venezuela seizes 11 oil rigs owned by Helmerich and Payne, a Tulsa, Oklahoma based company, because it refused to start up drilling ... Read More>>>Back to Top Click Here to Unsubscribe Copyright © 2010 The Maritime Executive. 3200 S. Andrews Avenue, Suite 100 Fort Lauderdale, FL 33316