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‘Some of the cargo imported from the United States is temperature-controlled perishable goods, such as dairy, meat and agricultural products,’ the GAO said in the report. ‘According to representatives of the Puerto Rico Farm Bureau, the cost and reliability of shipping perishable food items is important because the island has less than a week’s [...]  The long-awaited General Accountability Office (GAO) study on the Jones Act in Puerto Rico shows that the U.S. domestic container shipping fleet has provided regular, reliable service while offering significant rate reductions, according to the American Maritime Partnership (AMP), an industry trade group. “GAO disproved charges that the Jones Act raises prices for consumers in [...] Coast Guard rescue crews respond to the distressed container-ship MSC Idil. A sudden blast aboard an MSC containership off the coast of Puerto Rico forced crew to spring into action to stem the influx of water and stabilize the vessel, avoiding any injury and pollution. The U.S. Coast Guard says the explosion occurred late [...] Horizon Lines issued the following statement opposing any changes to the 1920 Jones Act that imposes restrictions on shipping between U.S. Ports. Horizon Lines is, and always has been, a very staunch supporter of the Jones Act and all of its requirements. The Jones Act stipulates that cargo shipped between two U.S. ports must be [...] Two of Puerto Rica's top politicians (Republican Gov. Fortuño, right, and Democratic Congressman Pierluisi) are speaking publicly on the Jones Act. Puerto Rico’s representative in the U.S. Congress, Pedro Pierluisi, has asked the Government Accountability Office (GAO) to launch a study of the Jones Act’s impact on Puerto Rico’s economy. The Jones Act requires [...] Horizon Lines, based in Charlotte, N.C., told its investors earlier this year that it might default on loans due to a $45 million federal antitrust fine, which was later reduced to $15 million. The New York Stock Exchange has notified Horizon Lines Inc. that it faces delisting from the exchange. Horizon is below listing [...] A federal court in Puerto Rico agreed to reduce Horizon Lines’ $45 million fine for antitrust violations to $15 million, an action Horizon said lifts the threat that the company will default on its bonds next month. The Justice Department requested the reduced fine this week, saying the lower penalty was needed to save Horizon [...] |
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