SHIPS Act

Updated shipping bill calls for 250-vessel US cargo fleet

Revised shipping legislation aimed at revitalizing the domestic maritime industry calls for creation of a fleet of 250 U.S.-flag cargo vessels, and federal funding to aid shipbuilding development.

The bipartisan SHIPS for America Act was reintroduced Wednesday at a press conference by co-sponsors Sens. Mark Kelly of Arizona and Todd Young of Indiana, and Reps. Trent Kelly, also of Indiana, and John Garamendi of California.

The legislation, initially introduced in December 2024, aims to strengthen...

https://www.freightwaves.com/news/updated-shipping-bill-calls-for-250-vessel-us-cargo-fleet

New legislation would require 10% of China imports to move on US ships

In a move that will roil container shipping, a new bipartisan bill would require that at least 10% of seagoing China imports move to the United States on ships built and registered in the U.S., and staffed by American crews.

The requirements would begin in 2029.

Individual shippers could face fines if they fail to meet the 10% threshold under the terms of the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act introduced Thursday by Sen. Mark Kelly, D-Ariz.

“W...

https://www.freightwaves.com/news/new-legislation-would-require-10-of-china-imports-to-move-on-us-ships