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Friday, Jun 28
The U.S. oil "production boom has transformed [the country's] once-moribund commercial...
The U.S. oil "production boom has transformed [the country's] once-moribund commercial shipbuilding industry," FT writes, noting that under the Jones Act, any ship "operating between two U.S. ports [must] be built in a U.S. shipyard." With a vessel shortage driving lease rates to record levels (previous), beneficiaries may include Oslo-listed Aker and General Dynamics (GD +0.3%), which operates Nassco shipyard.