Hearings Before the Subcommittee on the Merchant Marine of the Committee on Commerce, Science, and Transportation, United States Senate
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Excerpt from Hearings Before the Subcommittee on the Merchant Marine of the Committee on Commerce, Science, and Transportation, United States Senate: One Hundred Third Congress, Second Session, April 25 and May 4, 1994 U.S Senate, Committee on Commerce, Science, and Transportation, Washington, DC. The committee met, pursuant to notice, at 10:00 a.m. in room SR-253, Russell Office Building, Hon. Ernest F. Hollings (chairman of the committee) presiding. Staff members assigned to this hearing: Harold J. Creel, Jr., senior counsel, and Randolph H.M. Pritchard, professional staff member; and John A. Moran, minority staff counsel. Opening Statement of Senator Hollings The Chairman. Good morning. The committee will come to order. Forty years ago, there were 1,271 U.S.-flagged privately owned commercial ships. And there are today only 350 such ships, with less than 130 of them engaged in international trade. Thirty years ago we had 50,000 seafaring jobs; today there are less than 10,000. In 1947, U.S.-flagged commercial ships carried 60 percent of all products imported into or exported from this country. And today, the carry just a little over 4 percent of that cargo. More threatening, of course, are the proposed moves by American President Lines and Sea-Land. The two largest U.S.-flagged container ship operators are petitioning the Secretary of Transportation to reflag a substantial portion of their fleets. And Lykes Brothers, which has been in business over 100 years, has begun the transition to foreign-flag status. And the outlook is not very promising in that the ODS contracts will not be renewed after 1997, when they expire. And of course, cargo preference is declining due to a reduction in U.S. foreign aid and a reduction in the U.S. military presence worldwide and, of course, increasing attacks by opponents on the program itself in the Congress. So, as the old sheriff said in that Dodge ad, "We are in a heap of trouble." The bill submitted by the administration provides, of course, for 52 liner vessels, a $1 billion program over 10 years. I has been introduced also on the House side. And it might be noted, of course, that it is a revenue measure and should originate in the House. We are only now trying to anticipate and have these hearing and have a bill ready on the floor so that when they do pass the administration´s bill or some bill with revenue in it, that we can treat it adroitly. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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