60 Minutes on US Shipbuilding and the Jones Act

Colin Grabow

Last month, I had the chance to sit down with 60 Minutes correspondent Lesley Stahl for a piece on the moribund state of US commercial shipbuilding. That story, “Turning the Ship Around,” aired last weekend, and having now seen it, I’d like to offer a few thoughts.

The segment opens with Stahl describing the US commercial shipbuilding industry as “nearly extinct.” The numbers back her up. As she points out, US shipyards produce around three ships per year.