Medina International Holdings – StockGuru Profile – OTC: MIHI
I think its important to be aware of trends…to look down the road and see which companies will benefit from paths and directions that seem inevitable. It makes no sense that the United States has allowed the shipping industry to abandon this county and relocate. This is an issue that can be corrected by legislation and it is probably just a question of time before federal law is tailored once again to embrace the shipping industry, not repel it.
When that happens, who will benefit? I think Medina is clearly in a spot to take a major chunk of the port industry security pie home.
If American ports and American shipping regain their former glory in the world, the world will have significantly changed since American shipping reigned supreme in the 1950’s. Port security is now a major issue and MIHI is certainly a prime player in the port security industry.
American Ports and American shipping which once dominated the world has now shrunk to a fleet of ships representing two percent of the world’s fleet. Our ports are barely represented in the top twenty list … Long Beach being in the top ten and New York barely making the top twenty.
This could all change with the right legislation. That could have a profound impact on MIHI!
The United States Navy still dominates the world ocean with its tonnage equal to next 17 smaller navies.
American commercial shipping is another story and a sad one. In 1948, the United States was home to more than a third of the world’s merchant fleet. That is now reduced to two percent.
Congressional Intervention Could Restore U.S. Maritime Dominance
A major factor in the decline of American shipping has been an antiquated law that prevents American coastal shippers from buying ships made in other countries. By amending this law and, at the same time, encouraging the development of domestic coastal shipping, Congress could help restore America’s premiere maritime status.
American entrepreneurs in the mid-20th century revolutionized oceanic transport by creating both the standard-size steel shipping container and the supership capable of transporting 50 times as much cargo as a World War II-era merchant ship could. The export-driven economies of Pacific Asia built much of their enormous success upon the new maritime technologies. The United States did not. The Merchant Marine Acts of the 1920s and ’30s are one reason why.
Intended to protect the domestic shipbuilding industry, the acts decreed that the only ships allowed to call on two or more consecutive American ports would be those built in the United States, owned by American companies, flying the American flag and operated by American crews.
At the time, the United States still had a large merchant marine. But the acts’ restrictions handicapped coastal shipping within American waters, opening the way for the growth of the trucking and freight-rail industries.
To revive the maritime trade, Congress should give shipping companies as much choice in buying ships as their land-based rivals have when buying trucks and train cars.
Shipping Could Reduce U.S. Coastal Area Highway Congestion
Shipping has always been the most economically efficient way to carry goods from place to place; it requires no investment in highways or rails, and thanks to the relatively frictionless ease with which ships move across water, fuel costs per ton are low. The arrival of containerized shipping pushed transport costs even lower, swelling world trade and expanding global wealth.
Freed from the restraints of the Merchant Marine Acts, commercial shippers could not only begin to resume their position in global trade but also handle much more of the freight that moves within our borders. Before railroads and highways were developed, a network of water transportation routes connected America’s port cities and towns. Today coastal shipping handles only two percent of domestic freight, even though coastal counties hold more than half of the nation’s population.
The trucks that carry nearly a third of our cargo clog the highways. That is one reason why Americans now lose at least 3.7 billion hours and 2.3 billion gallons of fuel each year sitting in traffic. Ships could take on a larger share of this freight — and even some of the passengers now traveling by highway and rail — and carry it at lower cost.
MIHI Stands to Gain Handsomely from Improving and Expanding Port Facilities
Congress could further encourage domestic shipping by improving port facilities, just as it maintains interstate highways. And it could invest in developing ship propulsion technologies — to increase still further maritime savings in fuel costs and to reduce greenhouse gas emissions.
Americans are rightfully concerned about security, but part of protecting the nation is generating a strong economy. Revitalized coastal shipping could shorten our morning commutes as it begins to rejuvenate America’s wider maritime economy. However, as ports grow so grows port security and MIHI has the technology for port security and the proven ability to get it noticed!
Source: Medina International Holdings, Inc., New York Times, Reuters
Medina International Holdings, Inc.
255 S. Leland Norton Way,
San Bernardino, CA 9240
Phone: (909) 522-4414
Email: info@medinaih.com
Website: www.medinaih.com
www.medinamarine.com
Investor Relations
Contact Person: Krishna Mankal
Phone Number: (909) 522-4414
About Medina International Holdings, Inc. (OTCBB: MIHI): produces commercial fire, rescue, police and patrol boats utilizing the highest design and performance standards. The company’s products combine safety, power, handling and stability with a proprietary hull design and equipment features that address specific niche markets.
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