innua

FEDERAL M

MARITIME 

UNITED STATES D

For sale by the Superintendent of 

Washington 25 D 
UNITED STATES DE

SINCLAIR 

Was

FEDERAL 

LOUIS S R

Vacancy

G JOSEPH 

A J WILL

MARITIME 

Louis S ROTHSCH

WALTER C FORD 
Letters o

UNITED STATES DEPAR

F

Washin

To The Swretary of Commerc

FROM Chairman Federal Mar

trator

SUBJECT Annual Deport for fis

I am submitting herewith the 

and Maritime Administration c

year ended June 30 1954

1o the Congress

I have the honor to present the 

time Board and Maritime Ad

Commerce for fiscal year 1954

CO

Fiscal Y

INTRODUCTION 

AID TO SHIPPING 

Construction differential subsid

Operating differential subsid

Construction reserve funds 

Ship mortgage aid 

Trade routes 

Traffic 

SHIP OPERATIONS 

General agency activitie

Charters 

Grain storage 

Shipcustody 

SHIPBUILDING AND REPAIR 

New construction 

Conversion

Building proposals 

Technical development

Shiprepair 

STATISTICS AND SPECIAL STUDIES 

Special studies and periodic rep

Ship cargo and labor data 

Labor management relation

SHIP SALES AND TRANSFERS 

Ship sales 

Investigation of ship purchase

Transfers to foreign ownership 

Charters to aliens 

MARITIME TRAINING 

Maritime academ

United States Maritime Service 

Seamen awards and service

PROPERTY AND SUPPL

Shipyard

Terminals 

Warehouses 

Reserve training stations 

Port development 

Material control inventory an

Purchasing 

Records management 

ADMINISTRATIVE MANAGEMENT 

Program and defense plannin

Personnel 

Organization and methods 

Internal audits 

Safety 

FINANCE 

Accounting

Aud

Insu

Claims 
LEGALACT

Le 

Contracts 

Claims and renegotiation 

General litigation 

Regulation 

Admiralty insurance and 

REGULATORY ACTIVITIES 

Conferenco and other agre

Freight races foreign 

Freight ratesUnited State

Terminals 

Freight forwarders 

PROCEEDING BEFORE HEARING 

Final decisions of the Fede

istrator 

Recommended decisions of 

Pending proceedings 

INTERNATIONAL MARITIME AFF

Fina

ExRIDITS

1 Balance SheetJune 30 

2 Statement of Operations 

1953 

3 Statement of Equity o

Years Ended June 30 

4 Statement of Sources and 

June 30 1954 

NOTES To FINANCIAL STATEMEN

SCHEDULES

1 Land and Site Develo

30 1954 

2 Statement of Operation

Years Ended June 30 

3 Statement of Operation

Inception to June 30 

A Status of Operating Subsidy 

B Deliveries of New Merchant 

C Ships of 1000 Gross Tons a

yards Julv 1 1953 to June 

D New Ship Construction on J

E Employment

1954

of United Sta

F Merchant Fleets of the Wor

G Ships Approved for Transfe

Flag Fiscal Year 1954 

H Cash and Approved Securi

Special Reserve Funds of 

I Claims on Hand June 30 195

Claims Settled Under the Su

vi
FISCAL Y

In

A shipbuilding program of 

States shipyards experimen

machinery design significant 

will affect both the active and 

ments in management and eff

the past year sefforts of the 

time Administration These 

prompt and effective dischar

duties under the maritime la

the development and mainten

American merchant marine 

States and to aid in the nation

In carrying out their progr

time Board Maritime Admin

clearly before them Among 

1 Minimum Federal pa

meet national secur

fiscal policy of the P

2 Expanded private ow

marine

3 Encouragement of pr

shipping and the s

4 Economical eflicient a

of the Nation smar

Careful study and plannin

maritime program which wil

on which shipbuilders and op

A major phase of this was th

the preparation of which M

collaborated and which was 

Secretary of Commerce for T

conclusions and recommend

philosophy of subsidy aidth

essential that the maximum 

available that the Congress 

mortgages and the establishm

that construction of 60 ships 

building industry to provide 

that about 80 percent of the 

20year life in a 3 year per

requires operating aid that c
be determined for major type

and others which are discusse

Several major steps towa

already been taken Foremo

tion program largest in ou

which will be privately finan

go a long way toward the pre

skills so important to natio

nearly 36000 shipyard worke

This includes building tank

ing tankers for the Departm

passengercargo ships under 

ments will be undertaken to 

the defense potential of hund

ing advanced propulsion mac

their hulls for increased sea e

try is giving its full coopera

will also be installed on these 

spend in port which represe

potential saving to the indust

should in turn cut the Natios

ship repair program will be u

ernize more than 200 ships in 

military auxiliaries

In the Korean conflict cons

cargo ships known as Marine

pleted Of the five not yet de

three were sold and are bein

one is being converted for th

steps have been taken toward 

operators Others have had 

New legislation was sough

mortgage loans designed to e

furnish capital for ship con

insurance of up to 90 percent 

law did not provide the nece

In the past few years lucrat

drifted to foreignflag lines 

carried 50 percent of America

be overcome With this in m

permanent legislation to assu

merchant ships of at least 5

cargoes

The progress made in est

subsidy rates indicates that t

the end of calendar year 1955 

the Government was up to 6 ye

tions to the shipping indust
awarded to two companies n

contract expired and was not 

During the year under a m

ers were approved for transfe

duras Increasing pressure 

of Liberty drycargo ships a

under consideration at the clo

Substantial economies were 

of Federal merchant marine 

officer training program incl

to continue the United State

vocational or upgrade phase

gram were discontinued afte

and the existence of similar tr

In our reserve fleets of me

tional defense asset estimated 

this value a new electrolytic 

has been completed at four fl

This method is estimated con

over traditional methods whe

A number of increases in 

filed by offshore domestic c

largely responsible A falling 

donment or consolidation of s

There can be no doubt that 

fense a proved in two worl

forces and to bring in essen

of the Federal Government in 

national defense characteris

should be centered in the Ns

mobilization readiness To 

the country have merchant 

ployed under private owners

is far more valuableas a u

one in layup with boilers cold 

is the Government sresponsi

a minimum of participation in 

Aid 

Construction differential 

The situation with respect 

pendenee and S S Constitut

stantially unchanged except t

authorized as long as there w

mately7000 the amoun

322074552 
tion to the construction diffe

differential allowances with 

ships of American President L

Lines Inc and 10 for Missis

mined by the Federal Maritim

concerned The total allowa

duced by 472 000 The re

reconditioning of four combin

Inc were pending before the 

The Board approved minimu

vary according to the const

ships will be used as cargo or 

from 4120 00to 507200

The application of Moore 

differential on construction o

Good Neighbor Fleet was app

were appropriated by the Co

allowances on these ships and 

be executed for their const

application of Grace Line In

construction of two combina

shortly after the close of the f

the constructiondifferential 

construction also would be ex

were under way with Americ

four Mariners and the cons

operation in its round thew

of its operating subsidy cont

Maritime Administration wh

to the American President L

S S President Wilson under 

The application of Colon

mortgage aid in construction 

Board because no funds wer

Steamship Corp for mortgag

four tankers was filed and wa

lack of funds Further con

Mississippi Shipping Co sc

tional combination ship for 

owner although originally in 

now of the opinion that pre

warrant the construction

The Texas Co and Sin

authority to trade in two old 

pursuant to section 510 of 

amended The Esso Shippin

three old tankers and constr

fense allowance on the new t

requirements These applica

4
fiscal year A supplemental a

to take care of the tanker turn

excess speed as a national defen

The Sword Line Inc filed 

of two trainships under sectio

wise operation and Mr Joseph 

letter of a desire to file an app

construction of two trailer sh

cases the applicant was inform

for construction under section 5

ation be given to the use of insu

The Department of State disp

tives in September 1953 whic

collection of necessary foreig

months it was possible to rein

resumption of limited data coll

Operating differential subs

Two operating subsidy cont

previously subsidized Bloomfie

21 and Gulf South American 

Lykes Bros Steamship Co I

Route No 31 In addition a

United States Lines Co for o

Route No 8 In regard to th

Lines Ltd for a subsidy on Tra

was rendered but oral argumen

A recommendation to the Boa

South Atlantic Steamship Co 

Route No 11 was pending a

Lines Inc Lykes Bros Steam

with respect to expansion of the

Nos 10 22 and 25 respectively 

fiscal year

The operating differential su

Cuba Mail Steamship Co expi

pany which prior to that date w

that it would not request an ex

of the 1936 act the Board fou

issued formal orders to grant o

operation of the S S Argentin

mack Lines Inc on Trade Rou

S S Santa Rosa and S S Sant

Route No 4 for one additional 

being over 20 years old

Excellent progress was made 

tingdifferential rates applicable 

447 rates computed during the 

to calendar years 194752 exclus
ante all but 125 were calcu

for protection and indemn

result of the Board sappro

tion would be rapid As o

subsidy payments subsidy 

amount represented payme

resumption of subsidized op

summary of operating subs

Construction reserve fun

On June 30 1954 balance

nonsubsidized ship owners 

with 467455on June 30 

Deposits

3

in the funds amoun

75067 The latter incl

709 584 for conversion of 

drawn by one depositor wi

Service was notified for tax 

In order to aid subsidized 

reserve funds for new cons

authorize voluntary deposit

for making voluntary depo

Line Ltd Farrell Lines In

sissippi Shipping Co Inc 

Argentine Brazil Line In

revision of the voluntary de

Ship mortgage aid

One application was appr

act a mortgage loan not to e

Bank of Detroit to the San

reconstruction and convers

Lakes The owners of three 

in the original amount of 20

ing indebtedness to 279 000 

ance premium receipts of31

fund to 29025

Trade routes

The review of foreign tr

Marine Act of 1936 continue

United Statesflag minimum 

all United States foreign 

essential In addition stud

trade routes which might 

procedure trade route revi

Route Nos 8 11 15A 15B 

other routes was nearing co

and maximum sailing requ

which subsidized services w

G
Reports on the extent of fore

tion encountered during calend

tors were completed Prelimin

the extent of competition enco

these reviews ship itineraries a

as well as traffic carryings of i

flag lines that operate outboun

During the year 4841 tentat

of subsidized ships were appr

specific requests of subsidized 

special permissions

Trafic

In compliance with provisio

gress the Maritime Administra

on shipping arrangements of 

the bank involving 10 countries 

to amend certain regulations a

granted to Brazilian ships to p

credits of the bank Similar a

rowing nations on the understa

parity of opportunity in trade w

arrangements reserved substan

allowing participation of other 

During the year United St

commerce continued to decline 

sion on Foreign Economic P

Randall report the repeal o

In response to this report a Dep

ping circles both pointed out th

were repealed without adequat

in Congress to continue exist

United States financed movem

ments for a period of nearly 5 y

flag participation including a

with United States funds was a

the programs were providing n

ships

During the year there were 

warders under General Order 

request 10 new branches were r

Ship 

General agency activities

Activity under the general ag

of ships to meet military requ
to be removed from operat

problems in liquidating the 

d deactivation repair an

The declining general agen

48 general agents for the op

of the year and 26 at the end 

The administration of gen

1 Constant evaluation of 

of general agents and institu

economy of operation of gen

2 Special studies of ship 

tors and evaluate operating 

3 Maintenance of operat

the Military Sea Transport

ships withdrawn from oper

4 Negotiation of a final 

Administration for shippin

habilitation cargoes

Ship condition and opera

order to have an accurate re

ance of operating and dea

conducted on the operating 

mine features that should b

ships Sixtythree Maritim

the custody of other govern

academies

Charters

The need for the operatio

boat charter also continued 

to 32 Twentyfour of thes

Philippine interisland serv

81st Congress an annual r

bareboat charters made un

Sales Act of 1946 as amend

justifying the continuance o

Three Marinertype ship

until three Mariner ships p

from the construction yards 

chartered in Great Lakes a

77th Congress were redeli

Fleet was withdrawn from 

ships in the Good Neighbor 

Grain storage

Under the 1953 grain st

with grain and returned to 

The 1954 grain storage pr

of Agriculture srequest da

quests have resulted in the 

8
of 317 ships available for the 

these ships is completed in th

bushels of surplus wheat wi

These ships were in the Hud

Astoria Reserve Fleets

Ship custody

At the close of the fiscal y

fleets During the year 217 

the fleets for a net increase 

withdrawal and reentry of 

is a tabulation of ships in th

Astoria Oreg 

Beaumont Tex 

Hudson River N Y 

James River bra 

Administrative and supp

and materials security patr

the service activities which s

The basic layup and preserv

88 percent of completion 

was applied to basic work o

gency Only 33 percent of t

tion was completed because 

on the more critical basic 

By June 30 1954 the prog

water surfaces of hulls had r

Wilmington and Suisun B

provided for 1227 ships 

rent is passed between anod

current passing to the plates 

that would result from elect

tection were not employed 

employment

3

of cathodic prot

000 per year over tra

tion of ships on the nearly 

serve fleets are a nationa

estimated at nearly 8 bill

Shipbu

New construction

At the beginning of fiscal 

under Maritime Administra

By the end of the fiscal yea

taken trials and were acce
Work on the S S Evergre

Coast Steel Corp at San Fr

new contract was awarded f

Attack AKA A sales con

East Lines for the purchase o

Pacific Coast Steel Corp E

these ships for the buyer spar

was not expected before the las

ing ship of the 35 Mariners co

in August 1954

At the request of the Dep

awarded to the Ingalls Ship

construction for Navy accoun

The progress of construction 

tion contracts as of June 30 1

Type Name 

04S1a Silver Mariner New Yor

C

den N 

lb Evergreen Mariner Bethlehe

San Fra

04SIf GoldenBear do 

C4Slf Sooner Mariner d

Grand Canyon Mar do 

finer

R3sa Navy AP58 Ingalls S

goula M

Navy AF59 o

Summaries of all ship constru

Conversions

Work under contracts prev

for plans and specifications f

completed S S Monterey and 

troop transports was near com

tions for future conversion of M

Ships and APA Attack Troo

Shipbuilding Division Quinc

time Administration acted as 

projects for Navy account

Under the provisions of Pub

had been sold to the Wisconsin 

sion The conversion of one 

The conversion of the second t

fiscal year 1954 The third sh

package freight carrier

Building proposals

Preliminary plans and specif

Inc for construction of two sh

10
Rosa and Santa Paula but m

the technical features of the 

together with plans and spec

in construction of three ore ca

mate of cost was furnished

Preliminary plans and spe

Moore McCormack Lines In

passengercargo ships to rep

orated by them Technical 

expected that initiation of co

depend only on financial arr

A program was initiated fo

comprise 85 percent of the re

engines The present recipr

ventional steam turbines gea

units intended to increase s

tiate conversion of four Lib

include arrangements for fas

by additions to the standard 

ment of standard cargo gea

gear of novel design This 

vide a production type for r

ditions

Technical developments

In the Liberty ship conv

length and a sharper bow w

ships in service Although 

one conversion will retain it

be 2i feet longer and with 

records of these ships is exp

keeping qualities The Ma

essary to develop high efficie

industry to participate in the 

stallation in one or two Lib

ceived covering the three bas

were being analyzed at the 

pated that the ultimate ins

tained will materially assis

dling gear proposed for the 

evaluation of old and new ty

shipping industry

The Maritime Administra

improved ship design prac

members on advisory counci

professional society research 

cessfully attacking such pr

design of structural ship s

dling improvements and hu

322074 553
The Maritime Administrat

with the Department of De

studies with respect to cargo 

California at Los Angeles and 

Council Contacts were mad

with a view to eventual use o

Section 505 b of the Me

states that profit limitation 

contracts for scientific equipm

gation nor to contracts under 

national defense features N

in either category during fisca

Inspections were conducted 

equipment for new ship const

training ships and ship opera

gallons of paint were inspecte

fleet ships

Ship repair

The Cornkusker Mariner 

grounded at Pusan Korea o

under deteriorating weather 

was cut free was beached in 

to Japan and drydocked A 

were prepared both for rec

mantling if not reconstruct

determined to dismantle the st

equipment were removed for 

forward section which remai

all salvageable parts and so

specifications for repair of th

in Korean waters were prep

was given and permanent rep

Estimates of cost and time 

type ships in the reserve fleets 

repair program Testimony 

program was submitted to the 

Repair inspections totalling 

operating subsidy agreement

condition surveys were made 

condition when changes of s

made Subsidy repair summ

ators were reviewed for eligib

than 37 million nearly 10 m

for aid Four hundred and t

repairs on ships under genera

account and 188 surveys were m

12
Statistics a

Special studies and period

The Maritime Administratio

to the Under Secretary of Co

on Maritime Subsidy Policy 

Defense and commercial requir

2 rising cost of maritime s

shipbuilding program The 

tee comprised of outstanding 

vened under the chairmanship 

Office to prepare if possib

statistical techniques to be use

differential subsidy rates

A greatly increased numbe

prepared including those in 

these were for use in hearings 

Committee on Interstate and F

ning Board for Ocean Shippin

Built in the United States and 

on sale by the Department o

Status of Graduates from Ping

was made for the Maritime Ad

Ship cargo and labor data

For the first time the collec

reports covering the inbound 

States and foreignflag ships in 

reached virtual currency Al

were completed in 5 months a

with 9 months for 1952 12 mo

In addition about 6000 such 

estimated that substantial sav

efficient procedures adopted

Calculations of foreign com

subsidy purposes were made fo

dar years 1952 and 1953 resp

pared 22 tables and tabulatio

into and from the United Stat

Seafaring employment on 

gross tons showed a continued 

30 1954 indicating that the p

available prior to Korea wi

With active seafaring union m

unemployment has become a m

deck engine and radio office

slowly and consistently decline

to 106 00 Because of a lac
dwindling operating mercha

repair seagoing ships were f

gressional action on pending 

stop this downward trend for 

Labor management relati

During January 1951 leade

ent seafaring unions conferr

for common action relative to 

was elected to meet with r

maritime issues Collective 

on working conditions and e

wages and overtime increases 

putes were confined to relativ

ception of a stormy east c

members of the Internationa

strike for 5 days during Oc

April 1954

The American Federation 

Longshoremen sAssociation 

itself of criminal elements a

rival union The National L

ducted two inclusive represe

rival longshore unions is de

continued unrest may preva

YorkNew Jersey Waterfro

American Federation of La

crime in that area should be c

Ship Sal

Ship sales

The decision of the Court 

that charges for desirable 

sold were subject to possible 

figure may be considerably r

qualified cases had been pro

due depending largely on 

ships sold on which the Mar

for conversion and class re

ance of these obligations h

which was still undergoing c

During the year 12 ships w

ation under the authority of 

1936 The monetary return 

were returned to former own

resulting in a return of635

14
Investigation of ship purch

The Circuit Court of Appe

District Court in connection 

previously by the Departmen

proceeding on similar premis

the Department of Justice I

corporations were indicted an

porations in a settlement with 

19 ships to pay the Governme

against the Government aris

addition a 120 00 fine was 

contendere by certain of the in

were awaiting trial

Six investigations were co

purchasers of ships under the 

amended were qualified as U

corporate affiliations of certain 

the investigation of 13 differe

operating corporations connn

that one corporation owning tw

of the Department of Justice f

Transfers to foreign owne

Appendix G lists applicatio

37 of the Shipping Act 1916 

ownership andor registry of 

Of the total approved 568 w

such as tugs barges fishing s

ing 78 ships were of 1000 gross 

The Maritime Administrat

December 15 1953 to perm

United Statesflag privately o

ferred to the flag of Liberia 

remaining directly or indirect

modified policy 25 tankers w

was given to a proposal of a U

the United States for United 

800 0bale cubic capacity and 

of approval of the transfer of e

and registry

During the year 12 applica

alien ownership andor registr

were denied All were of1000 

economic conditions and other 

were subsequently approved

In the latter part of the fisca

tions were filed for approval 

and registry chiefly Liberty d

not been permitted to be trans
that category were received 

with respect to permitting th

in abeyance

A number of violations o

1916 as amended were refe

subsequently mitigated by 

majority of the cases involv

fine was imposed as the viol

intentional

Charters to aliens

From July 1 1953 to Ma

singlevoyage charters of pri

zens of the United States 

adopted whereby tankers w

to be chartered to noncitizens 

by the Maritime Administr

four charters of privately ow

of 1 year

Mar

Maritime academies

A thorough survey was ma

in merchant marine training 

power requirements of the 

State maritime schools As 

that the United States Merch

should be continued

During the fiscal year 826 c

and 5 LatinAmerican cadet

United States Merchant Mar

ing the year 242 cadet midsh

course of instruction With 

all received merchant marin

States Coast Guard as thir

ocean ships They also rece

commissions as ensigns in th

United States Maritime Ser

The Eleventh Congressio

inspection of the Academy a

lowing Senators and Repres

Andrew W Schoeppel Kans

Monroney Oklahoma John 

resentatives Stuyvesant Wain

New York John J Allen J

nois Edward J Hart New 

16
officio The Board made a 

among them 1 That legisla

as a permanent institution an

be stabilized at an amount w

deck and 100 engineer officer

placed on record its full supp

commended the Superintende

Midshipmen for their perform

In March 1954 the seven

Board was held at the Acade

George Stuart Benson pres

Burchard dean of humanitie

stitute of Technology Vice A

former superintendent U S C

W Hill USN Ret former 

Dr Martin A Mason dean o

versity Dr Frank Hugh S

Mr E E Wilson assistant to 

The Board recommended tha

vested in the Academy and su

to see whether higher stand

seriously affecting availabilit

felt that responsibility for th

officers to man merchant ships 

and stated that it believed 

Academy to be an educationa

The State Maritime Acade

and Hyannis Mass and th

Fort Schuyler N Y had a

training in Federal pay statu

41 of whom were over quota 

These graduates also receive

third mates and third assista

gree and commissions as ens

and the United States Mariti

all four institutions were give

Army hospital ship Comfor

Academy as a training ship a

United States Maritime Se

Also as a result of the surv

that the vocational phases of 

should be discontinued consi

fact that similar training wa

ingly the training stations a

N Y were closed on January 

The loranradar school closed 

will be maintained in a reserv

In the first part of the fi

Service continued its upgrad
the two training schools Th

tinued its emphasis on the tra

handling of highspeed mac

During the year 22 instructo

Academy completed observa

aration for teaching subject

first part of the year the tra

men respectively and the lo

tificates to 293 men

The United States Maritim

which conducted educational 

men at sea in deck engine a

30 1954 The right to condu

course materials was sold to 

They accepted responsibility 

currently enrolled without ex

part of the fiscal year in wh

were completed

Seamen awards and servic

During the fiscal year 6031 

made to merchant seamen an

tinuous Service were issued 

tificates was discontinued as o

laws had expired or because 

World War II Comprehens

members of the merchant ma

for absentee ballots were circu

ship

institutes

owners operators and 

Proper

Shipyards

The maintenance and secu

Governmentowned reserve s

mond and Alameda Calif 

Carolina shipyard the lease o

to the North Carolina State P

mercial terminal operations 

State The Babcock Wilco

fective August 1954 of its l

and certain open areas of the 

made with the Diamond Con

land water frontage and ra

concrete piles and the trans 

used in the construction of 

terminal Portions of this s

Departments of the Army an

18
At the Richmond shipyard l

housing the Contra Costa Jun

permanent campus for berth

ice ships to the Travis Air F

transmitter and to the Americ

Administration for storage of 

vided that the Maritime Adm

used and that the Contra Co

used by it At the Alameda shipyard th

and storage of its equipment 

ship Co and the ship and equ

Coast and Geodetic Survey one 

at the shipyard for a period o

At the Vancouver shipyard 

ministration and the Departm

the Air Force permit covering 

35 buildings The Maritime 

utilities used and the permitt

of the property within their c

The redesign of the North 

for building the T5 tanker 

ships was completed The p

use in any future reactivation 

construction of additional s

mobilization period

The Maritime Administra

lease to defense contractors a

and metal working equipme

gram in addition to filling an 

by the Government of severa

Terminals

On June 30 1954 custody 

Pa marine terminals was re

after having been utilized fo

permits granted to the Mar

1922 The Hoboken N J te

to the Port of New York Aut

struction of a major general 

depressed railroad tracks in t

road track Although the m

was occupied by the Departm

cooperated in maintaining s

Warehouses

The Maritime Administrat

ernmentowned warehouses a

folk Va New Orleans La 

a subwarehouse at Vancouve

322074554
ton N C was used to sto

Hoboken Warehouse to th

N J was completed

The warehouses provided 

in emergencies for the reac

tion of ships During the 

equipment and supplies de

This decrease was made pos

for retention of certain wa

disposal of several million d

Reserve training stations

During the year maritime 

Sheepshead BayNY were 

a sizable portion of the Shee

mately 35 acres of land and 

reported to the General Serv

of the Maritime Administra

to the city of St Petersburg 

Reserve Training Station fo

Mateo Cadet School Calif 

Maritime Administration w

tegrity of the installation an

emergency

Port development

In cooperation with the D

neers for Rivers and Harbor

ing port series volumes Port 

England and Port Series N

land The following volume

Port of New York and Port 

During the year a major 

study of capacities of the po

and forwarded to the Office 

to other Federal agencies A

for keeping small ports alive 

cies was completed

Material control invento

There were 215 ship and r

ventory certificates for consum

of 25165 as accounts recei

Certificates of overages and 

of 831 998 as accounts receiv

Inventory certificates proces

operations and other invento

At the beginning of the ye

for determination as to dispo

reported from off sitelocation

20
gated and processed for utili

there remained 456 791 at the 

Excess personal property w

429 875 was disposed of by th

property excluding sunken s

was sold or transferred to oth

of funds This brought a re

of which were constructive to

of7490 545 were disposed of 

were made to other Governme

cost of1298 725without exch

cost of1079 29 was donated 

bodies and property valued 

Purchasing

Procurement of allowance 

for the last five 1lariner ships 

ment and material required 

ships at the Suisun Bay Res

Olympia Reserve Fleet Pu

supplies equipment and servi

and operation of the reserve fl

ing stations and training ship

Records management

Progress was made in the 

files The volume of records 

releasing 2000 filing cabinets 

Administra

Program and defense plan

A planning committee was 

Secretary of the Navy and 

mitted two interim reports o

chant marine required as a d

acter and readiness of the 

mobilization requirements 

that a Ion range ship replac

American flag operator The 

bycompany replacement prog

on incentives necessary to have 

ment in fiscal year 1956

The mobilization readiness p

going ships and construction 

vised This planning include

requirements scheduling mac
determining productive cap

undertaken to locate potenti

quirements for construction 

shipyards and reactivation 

stantial deficiencies in long 

and in the availability of lo

particularly power plants 

These deficiencies and estim

heavy and light forgings wer

bilization Plans also includ

in connection with reactivat

chant ships for war requirem

Statesflag ships in a nationa

Recommendations for app

Mobilization on eight applic

under the Internal Revenue 

of ships These application

plication for a guaranteed lo

duction Act of 1950 was reco

Personnel

Louis S Rothschild was a

time Board and designated 

mainder of the term of the f

1956 On July 10 1953 P 

the board for 4 years ending 

her resigned effective May 

Although there was an in

fleet personnel the trend th

continued in the direction of r

was a net decrease in total p

cent The major declines oc

uniformed maritime service 

tion survey a realignment of 

ministrative personnel at the 

emy was completed Signi

resulted

Organization and method

A major reorganization of t

on September31953 The m

of the National Shipping A

Government Aid Changes 

Division of Ship Repair and 

struction and Repair and a

transfer of its remaining wo

Steps were directed at eli

files streamlined routing of 

ous copies of correspondence 

tinued progress was made in 

22
An additional 97 reports were 

in manhours required includ

maritime service training sta

Internal audits

The internal audit function 

Maritime Administrator from 

the principal efforts of the s

ment of fiscal procedures A

internal audits were complet

reports covered 14 of 44 ide

the Federal Maritime Board M

some 60 recommendations eith

ficiency In addition five un

undertaken one of which inv

mission on Organization of th

Safety

One safety project undertak

reserve fleets to counteract th

handling of drums A seco

program also at the reserve f

falls Through the medium 

extensive educational program 

tions on the self analysis of 

dence of disabling injuries a

shipboard was approximately 

pared with 10 during fiscal ye

Accounting

On June 30 1954 all regula

on a current basis Compl

which present the financial p

and the results of its operation

ing practices were being prepa

Matters involving only 19 

tion agents remained to be re

determinations to be made w

relating to agency compensa

outside warranty insurance 

recoveries to the Governme

operating ships for the Nat

delivered all assigned ships 

made in liquidating their acc
Auditing

The principal normal au

differential subsidy agreem

struction contracts and gene

tion contracts and related 

current basis as were all c

Considerable progress was m

bareboat charter operations 

Audits in connection wit

ments were receiving first pr

recorded by subsidized opera

such audits should be comple

calendar year under review 

ings submitted by subsidized 

in the future Progress in th

has freed capable members of 

During the fiscal year 230 

1

pleted thus reducing the work

400 0 was determined as a

as a result of audits complete

The amounts on deposit in 

the beginning of the fiscal ye

serve fund and 735677in 

of the year 108 46 952and 

on deposit June 30 1954 by o

Insurance

All work was completed fo

risk insurance program autho

1936 as amended The last 

insurance to be effective on th

that adequate coverage is not 

reasonable terms and conditi

During the fiscal year 97 w

tion and indemnity binders 

life and personal effects bind

18550 were received and 508

underwriting agent

The three Mariner ships u

Fast Line were covered by wa

the ships was launched and co

accepted coverage of the ship 

protection and indemnity ris

Shipping Authority general 

Insurance Co Marine Office 

was 195 per gross registered 

During fiscal year 19534700

under the recapture provision

underwriters held 5106 85 

24
Under its self insurance prog

tinued to assume marine and w

men s

risk insurance

insurance

on

on

the

its

Mariner

Govern

Mariner program were less th

insured the total marine builds

amounted to an estimated 10

continued to underwrite casua

between the Department of the 

which could not be obtained in 

of the Army will reimburse 

losses incurred On June 30 

effect on 53 Department of th

In accordance with its ins

Maritime Administration ap

thereof obtained in commerc

and subsidized operators in 

Kind of insurance 

Marine hull 

Marine protection and in

denviity 

War risk hull 

War risk protection and in

demnity 

Claims

The number of unlitigated 

ernment nearly all of which 

the former United States Ma

Administration was reduced 

with a claimed value of 168

value of 19094 531 The t

new claims received Claims 

represented a recovery of 95 p

205 percent In addition th

ment of Justice for litigation 

Appendix I shows the claims o

under the Suits in Admiralty 

Lega

Legislation

The Congress considered a 

gage Insurance Merchant Ma
promote private financing of 

preference provisions carried 

into a permanent law

Congressional action was t

tion of modern tankers and 

tankers turned in against the 

was requested estimated to pr

construction of 10 new tank

were provided for the repair 

reserve fleet which would be 

The World War II author

foreignflag ships was contin

any national emergency An 

was ended by repeal of laws a

of fishing ships Great Lakes 

less owned by the United Sta

needs

Legislation was proposed o

senger ships to the present ch

to sell certain ships to Brazi

A

ships to Korea to authorize 

rently under charter pursuan

and to continue the waiver of 

to operate in Alaska trades 

Act 1946 to provide for ch

trade was amended to autho

domestic trade An amendm

authorized simplified enforce

ships by resort to admiralty p

The detention benefits of 

tended to merchant seamen wh

World War II Legislation d

on the high seas within dispu

terest of Americanflag fishin

All of the above were enact

the end of the fiscal year A 

the Merchant Marine Academ

of Representatives but was no

Contracts

Innumerable contracts add

drafted and executed includi

ments with United States Lin

ship Co and Bloomfield Steam

half of the Navy Departmen

an attack cargo ship sales con

by Pacific Par East Line Inc 

ships to the company for op

purchased and Cargo War R

26
Approximately 44 cases of 

Shipping Act 1916 involvi

legal work was performed 

ownership of certain older s

in American shipyards of n

connection with Maritime A

fers of ships or interests there

for recording in the proper c

were issued releasing the Gs

nationalities

Legal opinions were furn

rently arising such as gen

construction bareboat charte

work included the prepara

compensation for Danish shi

War II required in conne

payment of14700 0to the 

already paid under final s

Court of Claims

Claims and renegotiation

Important legal opinions 

penses of security watchmen 

tion charters the remedy o

pared with forfeiture the 

the Internal Revenue Code 

to arbitration and modificatio

by the Government although 

The test case of Califoi nio 

States Mw4time Commissio

socalled Red Sea Charte

meric u citizen was resolv

of Appeals held that it lack

the Tax Court The matter 

whether to apply for it writ 

inited States which the M

In Dresser Operations Inc 

granted the Government sm

plaintitr had failed to exha

its issues to the Tax Court 

Co v Secretary of Commer

tion of excessive profits in 

United States

General litigation

A tremendous increase in 

Ship Sales Act of 1946 devel

134 ship sales cases and nine 

On strong recommendatio

Solicitor General of the TTn

32207455 
Supreme Court in Southeaste

Paco Tankers Inc v United 

States all of which were de

Court of Claims In the Sou

Tankers cases the Governme

slotting and strapping tanker

Act of 1946 and for the una

specified in the sales contract 

were involved in 66 separate 

cases The Clapp case involv

ministration to impose it cond

approval of transfer of ships to 

In the fireproofing cases o

pending the decision in South

States and Paco Tankers Inc 

tiffs that fireproofing was a c

to appeal Most of the claim

consent judgment in amounts 

In A H Bull v United States 

tion of liability for desirable fe

the Government sfailure to a

course of administrative settle

Two achievements were set

United States which involved 

ential subsidy contract and sal

States and settlement of forfe

affiliated companies for violati

1916 as amended In the fo

000 in addition to the sale

the Government sdismissal of 

funds In the latter the Niarc

seized or about to be seized t

on five of the ships and to pa

ings of the ships during the per

Another victory for the Gov

the Appellate Division of the 

lehem Steel Co Inc v7oseph 

furnished the prime contract

contract was not subject to the 

case amounted to almost 500 

Several just compensation c

administrative settlement In 

States the Court of Appeals 

complaint of the owner of th

Law 101 77th Congress on the 

charter hire and value under 

merit since those orders applie

tion 902 Merchant Marine A

United States in which the C

28
the International as against 

for a writ of certiorari to the S

decided to file a cross writ o

cases decided were De La Kam

which the 21 decision of the C

was adverse to the Governme

which the Court of Claims aw

against 148 203 claimed In 

on stipulation of settlement 

as against7402 138claimed

Miscellaneous litigation wa

or settled resulting in recov

500 0

Regulation

An appeal by American Pr

District Court granting the Gs

ment in the suit brought by A

Federal Maritime Board saw

and Pacific Transport Lines w

lant In Jordan haver Lines 

District Court for the Distric

awarding subsidy to Bloomfi

hearing to Jordan River Line

chant Marine Act 1036 the 

plaintiff after the Governmen

Pending at the close of the fis

dent Lines in the District C

challenge the validity of the Bs

employed for subsidy purpos

Of great importance was th

the District of Columbia in 

which held that a dual rate s

and Gulf Freight Conferenc

approval The Court further 

hearing but denying a request 

effectiveness of the rates pendi

of Appeals The petitions of 

Gulf Freight Conference for a 

were denied

In Isbrandtsen Co Inc v 

ference and Secretary of Ag

Freight Conference both inst

trict of Columbia to review t

regarding investigation of t

forth Atlantic Continental F

Board to dismiss the petitions 

road Co v United States invo

railroads operating terminals 
the free time afforded shippo

Circuit sustained the order 

Sh ipping Act 1016

To Piazza v Nest Coast 

Courts for the Southern Dis

trict of Illinois the suit wa

order denying reparations c

Circuit Courts of Appeals 

Court for the Southern Dist

for the Second Circuit uphel

ing the complaint The ap

tiorari which was pending b

4dmiralty insurance an

One of the most importan

ministration in World Wa

General Fleischer and the S

series of suits Settlement w

age cargo loss and genera

500 0

In Aaron et al v Bcgl Ridg

v Flaron Stevedoring Cor

Supreme Court denied the ap

to review the decision of the 

As a result steps were under 

overtime onovertime suits in 

adelphia New Jersey etc 

separate suits were dismissed 

and 600 court costs as a

estimated from 2000 to 

Regula

The slackening of cargo of

erating costs resulted in a nu

consolidating with other carr

foreign Hag and United Sta

pected to continue

In spite of this many trade

intensified the struggle betwe

of sharp competitive practice

in the Japanese homeward tra

year while the threat of othe

Conference and other agr

monn agreements approv

ments covering the trades fr

frn CreM Lakes ports to S

30
joint service agreements betwe

conferences modified their a

that brokerage is not paid i

rendered and under proper ci

The TransPacific Freight 

lantic Continental Freight C

their intention to establish c

considering the protests and 

ences hold their proposed con

ther direction and that the pr

of Justice and Agriculture 

hearing

Freight rates foreign

Rate filings totalled 21573 

the foreign trade of the Unite

for ambiguities in tariff des

to improper rate applicatio

rates and conditions and oth

vestigations were recommend

leged misbilling practices in 

informal investigation was 

steps were taken

Freight rates United Sta

Three new carriers filed t

Puerto Rican Trade two fi

Trade and one filed a tariff c

Trade

The conference carriers in 

and Puerto Rico increased 

percent Two Alaskan carri

Board authorized a 712 per

investigation of their whole 

fares were made by a numb

waiian and Alaskan trades 

reasons for these increases

Terminals

Twentytwo informal com

murrage and terminal charg

sulted from the strike of do

Voluntary action of most lin

murrage charges prevented 

complaints

Freight forwarders

Certificates of registration 

certificates of 72 registrants 

freight forwarders registere

was published Forwarders 
formation concerning their b

been reviewed for compliance 

a consequence of the Board d

Practices Re Brokerage mos

eign trade were paying broke

Proceedings Be

Final decisions of the Fed

Administrator

Docket No 707Huber Manufa

Nederland et al Iates on road 

Indonesia found not to be unduly 

plainant having suffered no dama

16 and 17 Shipping Act 1916

Docket No 711Iathe Matter of 

as Proposed by Aloslra Stconahip 

rate increases for transportation 

which became effective in June 19

costs since the rates complained o

to support their complaints the Bo

missed the proceeding by order of N

Docket No 720Intercoastal Ste

Marine Terminal Association et al 

in connection with lumber transpo

able practice in violation of section 

order entered and case remanded 

Petition for rehearing and reconsid

Docket No 7217he Territory o

wise Line Proceeding concerned 

into effect by respondent carriers o

stated above in connection with Do

Docket No 724 Contract RatesN

ence et al Differential of TO perce

a dual rate exclusive Patronage s

arbitrary or unreasonable or unju

the Shipping Act 1916 under the c

case

Docket No 737 Galve8ton Chamb

Ltd et al Respondent found not t

ships in the trades from British Gu

and therefore not subject to regula

operation

Docket No 5 3Zn the Matter 

Reasonable Working Conditions on 

tuted by the U S Maritime Comm

of determining whether changes sh

incorporated in operating differenti

the Board having considered the po

facts that no conclusion had been re

was stale discontinued the proceed

Docket No 523L7tkes Bros St

in Maximunn Number of Subsidized 

Trade Roete No 22 Section 605 

bar granting of application of Lykes 

32
sailings in its Line D service on 

donesiaMalaya and effect ther

be unduly prejudicial as between 

does bar granting of increase in m

as present service by ships of Unit

Docket 544 Bloomfield Steam

ential Subsidy Trade Route No 

5 Upon reargument the Board 

port of June 30 1953 to the effect 

United States registry on Trade Ro

tional ships should be operated the

the Merchant Marine Act 1936 

the act do interpose a bar to the 

contract covering the operation o

Adopted previous findings that ex

inadequate and that additional s

c does not bar granting applica

subsidy contract covering Trade R

Docket No 536American Pre

Under Section 805 a M 1I A 19

ing certain persons to serve on Bo

Ltd and for holding company or 

tain certain relationships with 

domestic intercoastal or coastwis

unfair competition to any person 

coastwise or intercoastal service 

of Merchant Marine Act 1936 as 

Docket No S3SZSbrrvidtsc z

brandtsen not found to operate a

ploying ships registered under the 

from and to United States ports 

with other common carriers by wa

carriage of Egyptian cotton from 

unjustly discriminatory or unfair 

Marine Act 1936 or of section I

sidy agreement Export not show

Statesflag lines in violation of se

tion by Export in Cotton Freight 

found not in violation of section 

upon petition and remanded to ex

fied issues

Docket No 539Farrell Lilie

for 1949 Case covered subsidy r

and C3 cargo ships operated by 

After preliminary report remande

parties an opportunity to obtain 

received by the staff of the Board 

differential rate in dispute was re

recomputed and the proceedings 

Docket NoS40American P

Subsidy Rates for 1949 and 1950 

of foreign wage costs with respe

for Trade Route No 29 and Ro

Lines Ltd for the years 1949 and 

fair and reasonable and in the p

repatriation costs with certain e

combination ships operated unde

to be fair and reasonable and in th

Docket NoS43American Ex

Waiver under Section 804 of the M
Line Neither special circumsta

of provisions of section 804 Mer

Export Lines Inc to act as age

ships of Italian Line

In addition a number of final 

orders discontinuing proceedings i

Recommended decisions o

Docket No 736 Stockton Port 

et al Refusal to accept cargo at 

for transportation to Puerto Itico 

prejudicial and in violation of con

Docket No B17 Sub 1Am

Extension of Existing Authority 

No 17 Service CQ and Docket 

Application for Operating Differen

Consolidated Report In respec

can President Lines Ltd on Serv

Atlantic portsMalayaIndonesia 

find I Present operation is an ex

Marine Act 1936 2 Operating d

vantage or be unduly prejudicia

3 Grandfather rights under secti

proposed intercoastal service 4 

limited to the carriage of refrigerat

eastbound in the intercoastal serv

for cause shown 6 Calls should 

inbound 7 Calls should not be 

bound except upon prior approva

ports and California to Guam shou

Docket S 45Grace Line InApp

Section 80 of Merchant Marine 

cause justifying continuance of wa

1936 with respect to solicitation o

Decisions of examiners in six o

or Maritime Administrator are rep

Docket Nos 707 737 523 538 S1

Pending proceedings

Docket No 703Trans Pacific Fr

Coast Freight Conference Procee

an investigation into utilization o

Freight Conference of Japan and J

these respondents notified the Bo

tractnoncontract rate system

Docket No 723City of Portland 

et al Complaint alleged unlawfu

ports to California ports by virture 

Docket No 725The Secretary 

Freight Conference et al Secret

proposed exclusive patronage contra

with shipments from North Atlan

Belgium the Netherlands and Ge

Shipping Act 1916

Docket No 726Isbrandtsen Co 

Complaint alleged that respondents 

i These decisions were subject to revi

Administrator

34
Gulf ports of the United States to 

rate system are in violation of the 

Docket No 730 1the Dfattee 

Freight Conference filed under G

whether Conference sstatement r

complies with requirements of Ge

proposed rates is lawful under the 

Docket No 732 11 Rempner v 

Mediterranean Ports Conference 

Steamship Co Inc et al Far 

Cotton Co v Lykes Bros Steam

Docket No 735Texas Cotton Ind

Proceedings involved the lawfuln

contract rate system

Docket No 738 Rates Charge

ment of Rabbttskins from Austral

ing transportation of rabbitskins f

applicable rates or charges appe

Act 1916

Docket No 7413fiscla ssificatio

tigation to determine whether ce

wilfully directly or indirectly by 

or unfair device or means obtained 

for tissue paper at less than the r

cable in violation of section 16 S

Docket No 742 I8suance of R

for investigation by Board for pur

to regulate practice of loading and 

to prescribe rules and regulations 

Docket No 743In the iffitte

Conference of Japan fled under 

whether Conference sstatement 

complies with the requirements o

rate system violates the Shipping 

is arbitrary and unreasonable

Docket No 744 Terminal Rate 

tiled by Northwest Marine Termi

rate making formula for calculati

Docket No 745Tollage Charg

to investigate proposed increase i

Docket No 746 Willy Bruns 

Complaint alleging that responde

European Conference is unlawful 

Docket No 746 Sub 1Cwnp

Complaint alleging that responde

to operate as a common carrier a

of carrier and importer or consig

and obtain transportation of citr

ports at rates or charges less than 

means of offering and agreeing t

exporters and importers of citrus 

1916

Docket No 747Inereased R

Investigation into lawfulness un

of Alaska Steamship Co and C

Northwest ports and Alaskan po

Docket No 749 Freight Rate

ness under the Shipping Act 191

between California and Pacific N
Docket No 751In the Matter 

North Atlantic Continental Freig

Investigation concerning the lawf

1916 of Conference scontractnon

Docket No 752In the Matt

GulfWest Coast of South Americ

ference re F 0 B Shipments 

Board to order conferences to ce

American exporters to Colombia 

the importers in Colombia designa

Docket No 753Pulatitic Steam

Association and Shaffer Termina

under the Shipping Act 1916 of 

Wash against an intercoastal ca

Docket No 754Gulf Shipside 

Ltd and Docket No 757Gulf 

Brocklebank Ltd Complaints al

certain costs of loading railroad c

house and refusing to make simil

from complainant swarehouse is 

Docket No 755 Inthe Matter o

Bureau Ilong Song Conferc uc

of Isbrandtseu Co Inc requesting 

from coercing and forcing by th

ship goods by Isbrandtsen when 

line as the carrier

Docket No 756Rice 11illes A

Outports Conference Complaint 

mental to commerce of United St

Act 1916

Docket No 758American Unio

forences Complaint alleged that 

age on shipments of locomotives to 

Act 1916 and the antitrust laws 

Docket Nos 527 527 Sub 

Sub 4Inve8tigation of Pooli

7792 and 7796 Investigations on t

the various agreements create re

flag lines and foreignHag lines w

their signatories and if so wheth

or diminution of competition in c

subsidy to be granted to such 

agreements

Docket No 5 35Application o

under Section 304 of Merchant M

Steamship Line for permission un

render services to certain foreignf

differential subsidy contract

Docket No 544American Ex

Subsidized Voyages Investigation 

1936 of application of American Ex

of subsidized voyages on Lines A 

AtlanticMediterranean and Black 

Docket No 546Grace Line In

vestigation under section 605 c 

Grace Line Inc for extension of its 

Pacific portsWest Coasts of Mex

include certain ports within the 

portsCaribbean ports and for in

36
maximum subsidized sailings on th

of 18 to 30 and from a maximum o

Docket No S46 Sub 1Rede

25 Application of Grace Line Inc 

Route No 25 under section 211 a 

Docket S50Pacific Far East 

Merchant Marine Act 1036 Inv

Line Inc seeking written perm

under section 805 a Merchant 

for Coastwise Line sPacific coastw

operated in combination with Co

Pacific Coast ports and British C

ships owned or chartered by Pacif

wise Line from United States Pa

to California

Other pending cases Docket No

are referred to above under final o

Internation

The Maritime Administrat

of the Intergovernmental M

supported the position of the 

the United Kingdom of the s

effort should be made for rati

national maritime organizat

of State the Maritime Admin

the United States position o

by oil A member of the sta

the International Cargo Han

and after the meeting to insp

which would be of interest to 

handling The Maritime Ad

representative to the Plaimi

North Atlantic Treaty Organ

Close liaison was maintain

complaints regarding discrim

against Americanflag ship

Bank waiver arrangements w

foreign discriminations A s

a substantial number were r

shortage of dollars in foreign 

The Maritime Administra

technical assistance program 

tion implementing a program 

of various port authorities 

State negotiations were cont

tlement of war claims The 

orated with the Department 

sale of coastwise tonnage und

States Brazil Economic Com

nations
xW

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k
FEDERAL MARITIME BOA

DEPARTM

Statement of Operations fo

Total revenues and refmhurse

Costs and expenses

Operations of National Shippin

Chartering of vessels to others 

operations of National Shippi

Operation of marine terminals 

Maintenance of reserve fleet Tas

Tralnine of Maritime Service of

Operation of warehouses 

Maintenance of reserve shipyard

Total costs and expenses 

Net costs and expenses income

OperationsofNationalShippin

Chartering of vessels to others 

operations of National Shippi

Operation of marine termina

Maintenance of researve fleet v

Training of Maritime Service off

Maintenance anc of reservea ship 

Total net costs and expenses 

Direct subsidies and cost of national def

Estimated operatingdifferentia sub

Adjustment of estimated recapturab

Constructtioonal 

Costonattnal defenseature defense features 

Excess of recorded cost of vessels sold o

lost and abandoned 

Adennistmtive expenses amount alloc

Other income and adjustments incom

Interest earned on notes and accoun

Inventory and other property adjus

Loss on sale of materials and supplie

Loss on sale of fixed assets other tha

Net

Ltd

income from sale of capital sto

Net income from War Risk Insuranc

Miscellaneous 

Net Cost of current year operations 

ADJUSTENTE APPLICABLE TO PRIOR PEARS

Net charges arising from adjustments an

to World War II activities 

Participation in profits of World War II 

NET COST OF OPERATIONS NOTE 4 

a Other chartering expenses were included 

The notes to financial stat

40
FEDERAL MARITIME BOAR

DEPARTM

Statement of Equity of the Uni

June 3

BALANCE BEnumli O Or YEAR 

uch was continued available for o

d improvements to Hoboken Te

uthority6038 48less recorded 

ores from funds appropriated t

dation of obligations incurred a

dmmistration prior to January 1 

astruction costs paid from fend

f the Navy 

1 value of S S Bfnden transferred 

n 1954 and S Pvt Joe P Ata

to capitalized value of vessels o

mof cast 

it tracks te32

declared su

TrT S CO

nt of Certifi

epartment 

nce of fiscal 

d eonstrneti

ndemy Kin

it2 

and of the U 

afened to St

apart apartment o

of cost of 

BALANCE CLOSE OrYEAR
FEDERAL MARITIME BOA

DEPARTM

Statement of Sources and A

J

Total funds

APPLICATION

Net cost of operations per Statement of 

Add net income from sale of capital 

Lines Ltd 

Loss on sale of vessels and vessels ab

Loss on sale of fixed assets other than 

Payments into the General Funds of the 

Total

Summary of C

ASSETS Cash 

Notes and mortgages receivable 

Accounts receivable and agents advance

Materials and supplies 

Other assets less S S COrnhasker Mariner 

Total 

LIAnD ITIES Accounts payable and other liabiliti

Net untermmated voyage revenues 

Reserves 

Total 

Working capital 

Decrease in working capital

42
FEDERAL MARITIME BOAR

DEPARTM

Notes to Financial Sta

as sheets and the statements 

eamship companies which oper

ision for loss has been made in co

mortgages receivable at June 30 1954 also inc

had been declared in default on or before tha

Domestic 

Foreign 

mer 

ies desinistration of materials andNosupplies consideratiam 

hose prwiiceths

et

generally accepted 

meeats d not include allow

to sales of B assets this

e recorded net co

een moog aiud the in the accounts

huskerAlran

to 

ng opennvc been been into prog

nnrmemRrrential subsidies 

at

were

E9

to

in

ffll
ae 

k

k

2

k

RIViRR

2
MH

2e

y

71

K

qs

wGt

I

I

it

9yJ

k

q
46

FEDERAL MARITIME BOA

DEPART

Statement of Operations of Nat

June 

SHIPPING OPERATIONS

Vessels operated by general agents 

Terminated voyage results termina

Revenue 

Expenses 

Cross profit loss from ves

Chartering of vessels to others 

Total gross income from shipping op

NONSHIPPING OPERATIONS

Vessel reactivation costs 

Vessel deactivation costs expense of res

Miscellaneous expenses 

LessNonshipping income and reimbu

deactivation costs 

Net income from nonshipping opem

ADMINISTRATIVE EXPENSES 

NET INCOME FROM OPERATIONS 

46
FEDERAL MARITIME BOARD 

DEPARTMEN

Statement of Operations of Nation

Jun

Foreign 

lions m

Total iatroti

SHIPPING OPERATIONS

Revenue

Expenses 382 590 916 191 8

6

327 753 10 172891

dross income from

shipping opera

tions 61837 766 1

5571

NONei11PPIN0 OPERA

TIONS

Vesselreactivation Vessel deactivation costs costs 101 08928 71849

expense of restoring

vessels to the reserve

fleet is 568 556 793

36

Miscellaneous expenses 799 04 2

0

ie 117 456 588 8

38

Lass come ment andof vessel limb rse

tivat and acti

vation costs act 8901744 5

626

Net income loss

from nonshipping op

erations 28439 140 3076

22

3393 626

ADMINISTRATIVE EX 1

205

PENSES TENTATIVE

PRORATION 7080 459 314

3

NET INCOME Loss

FROM OPERATIONS 26313 17 1434

i Vessel reactivation costs applicable to vessels 

chargeable to charterers 

being s Netterminated loss from operations on such an for earlyaccount date that of Foreigreve

was no 

for una
NW a

x x

z In

L6J W

0 6

i

y

ati

M

C

O

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Ships Approved for Transfer to 

Fi

A

Cash and Approved Securities o

Reserve Funds of Subsi

Operator

PRIVATELY Owner

Ships under1000 gross tons

Commercial craft tugs barges fishing s

Motorboats

Pleasure craft

under

yachts

6 tons

e

Total 

Ships of1000 gross tons and over

Tankers

Cargo passenger Miscellaneous Schoenen dredges barge

Total 

GOV8RNN6NTOWNE

Cargo

Tankers Dredge

Tot

Grand Total 

A

Cash and Approved Securities o

Reserve Funds of Subsi

Operator 

American

American

Export

Mad Line

Lines

Ltd

Inc

American

Farrell Lines

President

Inc

LinosLt

Grace Line Inc

Lykes

Mississippi

Bros

Shipping

Steamship

o

Co

In

Inc 

Moore McCormack Lines Inc

New York and Cuba Mail SteamshipC

Oceanic Steamship Company The

Pacific Argentine Brazil Line Inc

Pacific

Pacific

Far

Transport

East Line

Lines

Inc

In

SeasUShipping

States Lines

Company

Co

Inc

Total 

some 

NOTE BContingent assets as reported by 

differential

In contrast

subsidy

the records

receivable

of the

surrounded

Maritime Adm

in t

125 000applicable to 17 operators faceExh

58
A

Claims on 

Office 

Office of the Comptroller

General Claims l

Insurance Claims 

Total 

Office of the Goneral Counsel

Unlftigated

With the Department of Justice for itfg

Total 

Office of National Shipping Authority and 

moutAid

Grand total 

1 Includes claims previously reported unde

Claims Settled Under the S

In fa

Office

Number 

Office of the General Counsel 12 

Office of the ComPtroller 

Total 12