Earlier quoted context omitted.
It all stems from the Jones act. [1] The American shipbuilding industry has been allowed to atrophy in an idea that protectionism would lead to good commercial the results. What little gets built in the US is way behind the global peers in terms of economics and quality. As usual the end results are that the entire shipping industry works around the Jones act, for example cruise ships from Florida docking in the Baha…
“Leading to good commercial results” is definitely not the rationale for the Jones Act.
The goal was to have a globally competitive merchant marine based on a home grown ship building industry to call on in case of war. Trying to balance both sides.
The end result is that that home grown ship building industry has all but disappeared together with the educated population required to crew it.
[1]; https://en.m.wikipedia.org/wiki/Merchant_Marine_Act_of_1920