Although Puerto Rico and the Dominican Republic are neighbors in the Caribbean, it costs twice as much to ship a container from the U.S. East Coast to Puerto Rico as it does to the Dominican Republic.
The reason? The Jones Act. It artificially inflates the cost of maritime shipping to Puerto Rico, making energy scarce and unaffordable on an energy-poor island.
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Can you include information on the frequency of those sailings, the reliability of those bookings, and also if these are part of a dedicated service between the US and those ports.
Because all of those factor into the cost of shipping.
And it prevents industry from growing here.
It is as if the Jones Act was designed to impoverish. Make good expensive to ship in and uncompetitive to ship out.
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The Jones Act is a century-old anchor dragging down Puerto Rico’s economy. Federal Reserve data shows shipping a container to PR costs double the Dominican Republic—$3,063 vs. $1,503—because bureaucrats prioritize maritime unions over basic economics. The Grassroot Institute
If what you say is true, then there is an amazing opportunity for arbitrage $$$$$. Ship containers that are due to go to Puerto Rico to the DR first, then to PR. How have the shipping companies been missing this amazing profit margin???!!
