Sal Mercogliano Testifies to Congress on Revitalizing US Maritime Industry
Forbes Breaking NewsNovember 7, 20255 min12,432 views
24 connectionsΒ·40 entities in this videoβTestimony on US Maritime Revitalization
- π¨βπ« Sal Mercogliano, a professor at Campbell University and creator of 'What's Going On with Shipping?', testified before the Senate Commerce Committee.
- β He highlighted the long decline of the US maritime industry and presented the Ships Act as a critical reform effort.
- π‘ Mercogliano emphasized that the Ships Act, along with other measures, aims to transform the US from a naval power into a true maritime power with a revitalized commercial sector.
Historical Maritime Efforts
- π’ The US has undertaken major shipbuilding efforts twice in the 20th century: after World War I, leading to the Jones Act, and with the Merchant Marine Act of 1936, which funded ship construction and supported the war effort.
- π The current Ships Act, aiming to build 250 ships in 10 years, is seen as an essential, albeit ambitious, step to rebuild US maritime capacity.
Rebuilding Maritime Capacity
- π οΈ Achieving these goals requires rebuilding supporting infrastructure, including facilitating the reflagging of vessels to American Registry.
- βοΈ Mercogliano suggested modernizing the Jones Act rather than repealing it, expanding maritime security and tanker security programs, and securing consistent cargo flows through cargo preference laws or incentives.
- π‘οΈ He also proposed making US registry benefits more pronounced, with protection from the US Navy and war risk insurance for operating in contested regions.
Modernizing the Domestic Fleet and Technology
- π’ A near-term opportunity lies in modernizing the domestic fleet of tugboats, towboats, and ferries, much of which is outdated and aging, posing economic and security risks.
- π‘ Investment in advanced maritime technologies, such as small modular nuclear reactors for propulsion, could place the US at the forefront of innovation again.
National Security and Competitiveness
- π’ Reviving the US maritime industry is crucial for national security and global competitiveness.
- ποΈ Mercogliano urged the passage of the Ships Act to establish a maritime security advisor and a maritime trust fund, and to support research, workforce training, and policy enhancement through proposed Centers for Maritime Innovation.
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Whatβs Discussed
US Maritime IndustryShips ActCongress TestimonySenate Commerce CommitteeSal MercoglianoCampbell UniversityJones ActMerchant Marine Act of 1936ShipbuildingMaritime Security ProgramCargo PreferenceUS NavyDomestic Fleet ModernizationMaritime TechnologyNational Security
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