MarAd Report Shows Maritime Aids Of Six Major Nations

The Maritime Administration (MarAd) has released a report which examines the financial assistance programs administered by the six major nations to their shipping and shipbuilding industries.

The study, which covers the period 1971-75, details the assistance rendered and evaluates their effectiveness.

The nations studied — Japan, the United Kingdom, Norway, Sweden, West Germany, and France—in 1975 occupied the six top positions in the world in terms of gross tons of shipbuilding deliveries, and accounted for 37 percent of the world's fleet tonnage.

The report reveals that during the 1971-75 period, the assistance given to the shipping industries of the six nations averaged over $1.1 billion per year. In addition, the s h i p b u i l d i n g industries of these countries received an average of $475 million per year.

The analyses of the maritime aids included investment financing assistance, credit assistance, tax allowance programs, direct subsidies, cargo preference programs on particular commodities, full or partial government ownership and other forms of government assistance.

The 491-page report, "The Maritime Aids of the Six Major Maritime Nations," which was prepared under a MarAd contract by Temple, Barker and Sloane, Inc., and Chase Econometrics, Inc., is available from the National Technical Information Service, 5285 Port Royal Road, Springfield, Va.

22161. The order number is PB-273013/AS, and the price is $12.50.

Maritime Reporter Magazine, page 17, Jan 1978

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.