SHIPPING: New Course

Foreign shipyards are booming. From Hamburg to Yokohama, shipbuilders are trying to keep up with orders totaling more than 6,000,000 gross tons (TIME, Aug. 3). But shipbuilding in the U.S. has been dropping steadily. In 1953, only 23,000 workers were busy building 40 new bottoms. If new orders do not come in. only three merchant ships will be delivered by U.S. yards in 1955 and employment will drop to 1,200. The U.S. merchant marine has been wallowing so badly that the Administration suspended all federal aid to shipbuilding last year and set...

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