Congress eyes bill to revive US shipping industry
Representative John Garamendi and Senator Roger Wicker reintroduced a bill that would require 15% of LNG exports to be carried on US-built ships by 2041 and 10% of crude oil exports to be carried on US-built ships by 2033. If passed, the Energizing American Shipbuilding Act would require the construction of 40 tankers
The bill’s sponsors say it would revitalise US shipyards by relieving them from competition with ‘heavily subsidised foreign shipyards’