At a recent event in Manhattan, Bob Flynn of MJLF & Associates argued that wet Jones Act tonnage could still see daily levels of approximately $85,000 for the next few years provided the gradual increase in domestic shale oil production continues.
“Limited incremental shipyard capacity, US Gulf and US West Coast trade flow expansion and the scrapping of ageing barge tonnage will keep upward pressure on Jones Act markets,” he added during a presentation at the TradeWinds Jones Act Shipping Forum earlier this week.
While
