Cost of U.S. Coast Guard Regulations to the U.S. Maritime Industry and Coast Guard Initiatives to Reduce These Costs
Abstract
For a number of years it has been alleged that compliance with U.S. government regulations -- specifically those of the U.S. Coast Guard -- adds so much to the cost of a new U.S. flag vessel that U.S. shipyards are rendered noncompetitive. An often touted figure is an average 15% cost increase due to ship design and construction regulations. Case studies and owners' reports have also identified incremental costs associated with both reflaggings to U.S. flag and the construction of U.S. flag ships in foreign shipyards. It is the purpose of this paper to summarize past studies addressing the cost of regulatory compliance, discuss possible explanations for the variations between the conclusions of these studies, identify factors other than regulatory compliance which impact the competitiveness of the U.S. shipbuilding industry, and describe several recent Coast Guard initiatives to further reduce the already low cost of compliance with Coast Guard regulations.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1992
- Accession Number
- ADP023031
Entities
People
- A. E. Henn
- W. R. Marhoffer
Organizations
- United States Coast Guard