U.S. shippers, anxiously waiting for Congress to chart a shipping policy, could finally weigh anchor. Congress passed the Bland Bill, which provides for 1) the disposal of surplus war-built ships; and 2) refunds to ship operators to reimburse them for the high cost of ships purchased during the war. From the vast U.S. merchant fleet of 40,080,000 tons, 61% of all the ships in the world, the U.S. Maritime Commission will put on the block 2,000 or more slow Liberty ships, about 400 faster Victory ships and C-type cargo liners, and about 550 speedy tankers. Selling very many of...
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