National Maritime Policy

Archive Report

U.S. Merchant Marine and World Trade

Reconsideration of U.S. Merchant Marine Policy

Anew policy to aid the troubled American merchant marine is in the making. A year-long review by President Johnson's Cabinet-level Maritime Advisory Committee and special task forces is expected to lead, before the year is out, to a formal statement of the problems and the proposals for tackling them. The committee's final recommendations may become the first order of business when Congress reconvenes next January. Giving urgency to the new program is recognition that the existing system of subsidies, established by the Merchant Marine Act of 1936, has not kept this country's shipping in a strong competitive position.

Most observers think that an adequate program for the shipping industry will have to involve subsidies or ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles