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Consumers pay the price for US protectionism

American consumers pay an extremely high price for protecting US coastal traffic, says Drewry.

Photo: Colourbox

American Matson's recent order for two new container ships of 3,600 teu each, from Aker Philadelphia Shipyard, at a price of around USD 209 million apiece, shows that the United States' protection of its own fleet in domestic traffic, cabotage, is becoming increasingly expensive for American consumers. The ships, which will be delivered in 2018, could be built in Asia at around one fifth of the price, regardless of their high specifications, which include double-hulled fuel tanks and large reefer intake, says analysts Drewry.

Free trade agreement could boost US LNG export

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