Strategic Developments in the Jones Act Market

The Jones Act market had regularly been front-page news a couple of years ago when, at the top of the market, a Jones Act products tanker achieved $120,000 daily rate for an one-year TC by a major oil company. With shale oil production going strong and cheap money aplenty, lots of attention was drawn to the Jones Act market, and much of such attention was from different type of players, outside the typical ‘shipowner market’ – the seaways transport providers, the providers of one link only in the long supply chain. In the article originally published in Marine News magazine in December 2015 under the title “Trailblazing Transactions in the Jones Act Market”, Basil M. Karatzas contemplates on the market trends of the Jones Act industry.

Given the weak state of the Jones Act market (widely defined to include ‘brown water’ assets, too) and the energy and offshore industries at present, the trend of well-diversified and well-capitalized players expanding in the market is likely to continue…probably the topic of a new article in the near future!

Article can be accessed by clicking on cover page of the December issue of Marine News herebelow.

Article is copyrighted material of Marine News and New Wave Media.

COVER_2015 12DEC MN Trailblaizing Transactions in the Jones Act Market

© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

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2015 12DEC MN Trailblazing Transactions in the Jones Act Market

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