Wells Fargo says Jones Act shipping's protected market draws lenders

An executive at the bank ties the domestic-only shipping law to steady cash flow, and says the operator matters as much as the ship.

Inés Colón Betancourt

Economy and Business Correspondent

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Brett Hewitt, Executive Director of Marine Finance at Wells Fargo, said the Jones Act creates a defined domestic market protected from foreign competition, contributing to consistent cash flows for established operators.^[1]