LETTERS O

US DEPAR

F

IPa

To The Secretary of Commerc

FROM Chairman Federal H

Administrator

SUBJECT Annual Report for F

I am submitting herewith the 

and Maritime Administration c

year ended June 30 1959

To the Congress

I have the honor to present th

time Board and Maritime Admi

merce for fiscal year 1959

TABLE O

INTRODUCTION 

AID TO SHIPPING 

Construction differential subsid

Operatingdifferential subsid

Federal ship mortgage and loan in

Other forms of construction aid 

Aid to vessels over 20 years of ag

Trade routes 

SHIP OPERATIONS AND REPAIR 

Oceangoing traffic 

Charters and general agency oper

Shipcustod

Shiprepai

RESEARCH AND TECHNICAL DEVELOP

SHIP CONSTRUCTION 

NS Savannah 

Other construction 

Ship conversion and reconstructio

SHIPPING STUDIES AND REPORT

Shipand cargo data 

Port development 

Labor data and labor managemen

Shipping documentatiorz 

MARITIME TRAINING 

US Merchant Marine Academ

State maritime academies 

Other activities 

SHIP SALES AND TRANSFERS 

Shipsales 

Transfers to foreign ownership a

PROPERTY AND SUPP

Realpro

Warehouses 

Material control inventory and d

ADMINISTRATIVE MANAGEM ENT 

Defense planning 

Personnel 

Organization and method

Investigations and sec

FINANCE 

Financial relationships with cont

Accounting 

Audits 

Insurance 

Notes

Cla

and accounts receivab
LEGAL ACTIVITIES 

Contract administra

Legislati

Litig

REGULATORY ACTIVITIES 

Conference and other agree

Rates foreign 

RatesUSTerritories an

Terminaltari 

Freight forwarders 

PROCEEDINGS BEFORE HEARIN

Final decisions of the Board 

Recommended decisions of 

Pending proceedings 

INTERNATIONAL MARITIArS A

FINAN

EXHIBITS

1 Balance SheetJune 3

2 Statement of Operation

1955 

3 Statement of Equity of 

June 30 1959 and 19

4 Statement of Sources an

June 30 195

NOTES TO FINANCIAL STATEME

SCHEDULE

1 Statement of Operation

Years Ended June 30 

A Summary

1959

of Operating Diff

B Aid to Vessels Over 20 Years 

Board Under Section 6

Amende

C New Ship Construction on J

D Employment of USflag M

E Deliveries of New Merchan

F Merchant Fleets of the Wor

G Cash and Approved Securi

Special Reserve Funds of 

Vi
FISCAL YE

Intro

During fiscal year 1959 the F

time Administration directed th

responsibilities under the mariti

motion of an American merchan

tic waterborne commerce and 

commerce of the country capa

time of war owned by and op

of the United States and comp

most suitable types of ships ma

personnel

The Federal Maritime Boar

were established in the Departm

Plan No 21 effective May 24 

the objectives of the maritime 

ished the US Maritime Comm

is composed of three members 

with the advice and consent of 

one of such members to be the C

ex officio as Maritime Admini

The plan transferred to the F

functions of the Maritime Com

to making amending and term

spect to conducting hearings a

thereto under the provisions o

301 708 805 aand 805 fo

amended

The Board in respect of th

it by the plan is independent o

functions include the regulatio

tices and agreements of commo

sons under provisions of the 

rates fares classifications tar

by water under provisions of th

amended making rules and reg

eign trade and investigating d

In administering other functio

plan the Board is guided by th

Commerce The actions of the 

tions transferred to it are fin
The Maritime Adminis

and execution of shipbuil

programs authorized by l

terminations made by the 

tration carries out its func

the Secretary of Comme

The fiscal year present

shipping and shipbuilding 

cline in worldwide shippi

ever despite these depress

to 1 achieve a planned 

country simmediate and f

the American merchant m

grams prescribed by the C

construction differential su

and mortgages and trade

progressive research and 

the means of investigating 

including those for ships 

tional and nuclear power

ship components and syste

efficiency of the agency

In addition to the fore

the Federal Maritime Bo

other programs and activ

Governmentowned ships 

ments conduct of regulato

defense reserve fleets opera

tenance of reserve shipyard

provisions of Public Law 

1936 act relating to 5

operators in the movemen

advisory services to the E

ments of exports financed 

the provisions of Public R

and removal of discrimin

against Americanflag ship

chant Marine Academy an

maritime schools

Ai

The fiscal year saw a sub

going traffic being moved 

in the number of ships und

These conditions necessita

respect to the Governmen

rary adverse situation wou

2
and maintenance of an effioien

marine Through the Governm

and promote the American merc

not only maintained their servi

routes but proceeded with plans 

fleets with new and modern type

tinued availability of an adequa

trained personnel to meet the Ns

emergency requirements Furth

has additional significance since 

the minimum mobilization bas

Construction differential su

During the fiscal year the Fe

structiondifferential subsidy con

Inc covering the construction o

Steamship Co for constructing 

Shipping Co Inc involving t

ships and MooreMcCormack L

sels These new ships will be bu

million and there were approve

an allowance of credit on the ne

The contract price of each of 

are being constructed on a fixedp

Shipbuilding Corp associate

Henry J Kaiser Co Macco C

Co was 11035 519 per vesse

sidy allowance on each vessel w

will also pay the cost of natio

136 725 Four vessels were tra

a total allowance of4509 00 

back to the operator for use durin

vessels

The contract price for the Ly

vessel inclusive of national defe

tentative construction differentia

adjustment when a final subsidy 

50 percent The construction c

Sparrows Point Shipyard Inc 

this new construction for a to

vessels were chartered back to 

construction period

The contract price of the Ii

vessel inclusive of national def

a tentative construction differen

to adjustment when a final su

exceed 50 percent The constru

dale Marine Ways Inc Four 

new construction for a total allo

528479592 
were chartered back to th

period

The contract price of e

10065 514 inclusive of 

with a tentative construct

ject to adjustment when a 

exceed 50 percent The 

Shipbuilding Drydock 

the construction for a t

tradedin vessels have be

during the construction pe

In addition to the foreg

ized a construction differe

Ltd with respect to the re

domestic contract price wa

differential subsidy of 50 

contract was awarded to T

Following action initiat

time Board executed co

Grace Line Inc with resp

LHiana and Santa Leono

providing for a construc

percent of the estimated d

American Export Lines 

SSs Independence and C

class passenger space with 

ance of 50 percent of the 

vessel

On June 30 1959 there 

ators applications for con

aid in the construction of 

senger ships and in the 

C4type cargo ship to a 

for construction differenti

ger liner was not being a

year due to the fact that n

available

Operating differential 

During the fiscal year n

were executed with 3 op

22 vessels The replacem

replacement provisions in 

operators will provide fo

between the years 1958 a

mating 4 billion The 

American Mail Line Ltd 

Inc and Pacific Far East 

V
to replace their old operating

were terminated as of Decemb

the old agreements for these 

December 31 1963 and Dece

expiration date of the new a

December 31 1978 In additi

agreement with United States 

expire December 31 1959 wi

December 31 1965 with respec

extended to December 31 196

tively No change was made 

tions of the SS United States 

subsidy agreement is scheduled 

to extension to June 201972

Two new subsidized services 

port Lines Inc for service on T

to Mediterranean and the othe

on Trade Route INTO 33 from 

instances these new services 

operatingdifferential subsidy a

There were pending new ap

subsidy agreements from eight 

services on the essential trade ro

those for Round theWorld Ser

Far East Also at the close of 

tions for operating differential s

by two existing subsidized operat

Of a total of 2915 operating 

for the calendar years 194758 

June 30 1959 This substantia

calendar years 1947 through 1956

As of June 30 1959 8167

subsidy less recapture had be

payment on account to operators 

tion of subsidized operations J

half of calendar year 1959 

contracts is given in appendix A

Federal ship mortgage and 

The Maritime Administration 

contracts of insurance for constru

and mortgage commitments or lo

by banks and other lending age

reconstruction of 8 ships having 

of 62 million as follows a 

mortgage loan of 360 00 for co

8

barge b Transeastern Shipp

381 250 and a mortgage comm
tion of a tanker c Isbra

of9487 000 for constructio

Inc a construction loan of

of2650 00 for constructio

ferry and roll onfft

Co a mortgage commitmen

barge f Tanker Four La

for reconstruction of a tan

loan of2490 00 for recon

hattan Tankers Co Inc 

mortgage commitment of 

In addition there were ad

executed in prior fiscal yea

principal amount of213700

As of June 30 1959 the

operators applications und

mortgage insurance aid cov

tion of 31 ships at a total e

mately 389 911 000on wh

estimated construction loan

loans of 325 484 000 A title XI default occu

Leilani owned by Hawai

loan of2625 000 had bee

required the payment to t

of2380552consisting 

of 46921 88 Upon defa

vessel was acquired by the 

of the fiscal year plans we

of the vessel The progra

volved the construction o

mortgage coverage in exce

Other forms of cons

As of June 301959 bala

14037 74 43compared w

12 construction reserve fu

during the fiscal year 1959 

the construction reserve fu

and withdrawals totaled 406

In addition to mandato

deposits on a tax deferred 

tors were authorized in the 

for nine operators As a

pending one application f

500 0 from 1958 free 

from four subsidized ope

to be applied against the 

T
Aid to vessels over 20 yea

The Federal Maritime Boa

interest under section 605 b

amended had authorized for

through issuance of formal or

ingdifferential subsidy on shi

become overage prior to the de

The actions of the Federal Ma

ship replacement provisions of 

contracts entered into by the

tions by the Board in this co

Trade routes

The essentiality and USfla

US foreign trade routes wer

also made of two other routes 

with section 211 a and b 

addition to determining their 

resulted in the consolidation of 

route Trade Route No 29 

one newly established Trade Ro

terranean and studies are und

routes between the US Great L

end of fiscal year 1959 there we

services described as essential to 

States

Ship Operat

Oceangoing traffic

The volume of oceangoing tr

rate throughout the fiscal year 

chartering market wluch dne to 

an unprecedented number of s

tankers and dry cargo tramps 

rates continued their downward 

reaching new lows which were c

ministration sfair and reasonab

pensatory for US operators in 

were affected to a lesser degree 

to the reduced volume of traffic w

parison of the first 8 months of 

a drop of 12 million tons In 

grain shipments exceeded those 

million tons this increase was m

proximately 156 million tons in 

contributed to the depressed mark

further advent of large modern 
the increasing number of la

to handling bulk grain or p

with which most dry carg

The Maritime Administr

other US Government age

the requirements of the Ca

Congress In the adminis

gress the Maritime Admin

Import Bank on shipping 

the

U

Bank sloan credits 

Sflag requirement were 

mitting foreignflag vessel p

by Export Import Bank l

Charters and general 

During the fiscal year t

under bareboat charter dec

tion of charter agreement

Federal Maritime Board 

Congress Three of thes

Libertys John Sergeant a

trade and four were in th

year there were 26 ships 

ships included 14 which ha

the fiscal year and 12 whic

At the beginning of the 

ment to three general ag

Sea Transportation Serv

was reduced to four ships 

account of which three w

and one experimental Lib

Ship custody

At the close of the 195

reserve fleets During the 

were withdrawn for a n

into the fleets consist 

program 6 redeliveries f

loan to other Government 

or permanent layup and 

program The ships wit

employment in the grain 

ment agencies or returne

layup and 97 for sale 

fleet sites as follows

HudsonRive

James Rive

Wilmington 

Mobile 
The basic preservation of all 

Of completion and 23 percent o

was accomplished at the end of 

In accordance with section 1a 

of 1946 a review was complete

continued retention and for us

view which was approved by t

the selection for retention of 92

the reserve fleet The remaind

posed of by scrapping over a p

status of this disposal program 

the section of this report titled 

time to time surveys will be m

gency ocean shipping requireme

of priority ships will fluctuate 

ice and laid up in the reserve flee

At the end of the 1959 fiscal 

the account of the Commodity 

Agriculture were moored in 4 o

there was a net increase of six 

Since the inception of the progra

for the storage of approximatel

Ship repair

There were conducted during 

tions to verify the necessity fo

repairs to subsidized ships In 

were made to determine ship c

under subsidy agreements The

of repair summaries from 15 s

million submitted for subsidy 

work performed was found to be 

A variety of other ship survey

made including those to a as

owned ships at time of delivery 

termine the condition of ships on 

has a preferred mortgage c 

ness of repair costs of vessels op

ments d appraise the cond

assure compliance by purchasers 

the sale of ships for scrapping pu

of claims for allowances submitte

type ships

Research and Te

There was continued during th

ment program designed to prov
time technology In this co

of the National Academy o

quirements and to formulat

plish as its basic objective a 

At the close of the year th

ganized the program under 

The Maritime Administrat

nical development program 

skills of its staff as well 

engineering and research fir

During the year efforts 

ship operations which inc

of marine collisions and p

to marine equipment disp

shipboard organization an

problems on the St Lawre

facilities antifouling pain

of ships hulls b advance

tion andor studies of hig

ships merchant submarine

cept e ship constructio

studies involving the desig

machinery bearings and g

of damage control equipm

resistant machinery desig

systems fireproofing and 

habitability of crew accom

Related to the foregoin

Dunlap Associates for a 

craft Engineering Corp f

highspeed hydrofoilseac

ment of a set of seakeeping 

stitute for the study of shi

Wood Inc for the dev

Raymond Loewy Associate

tions and furniture Sola

turbine ship service gen

nology for engineering se

dynamic characteristics of 

In the nuclear ship fie

Savannah the Maritime 

Commission continued the

construction of nuclearp

economically competitive 

contracts were awarded 

namics Corp for design 

submarine tanker Ford 

prototype powerplant ins

yards Corp for the stu

10
powered merchant ships Ess

study of the application of pe

shielding and operation of 

Sharp Inc for naval archite

related to the application of nu

studies being made utilizing 

contracts awarded in previous 

water and the organicmode

tankers containment optimiza

shielding safety and accident 

and environmental studies 

installation

Finally the Maritime Adm

portant role in the design c

ships through its participation 

governmental and Governmen

and through the contribution

professional societies

Ship C

NS Savannah

Substantial progress was ma

struction of the nuclear power

authorized by Public Law 848 

year the hull was 85 percent 

percent complete The schedul

July 21 1959 with Mrs Dwig

The States Marine Lines was 

the NS Savannah and the Babc

the engineering and deck officers 

Through the joint efforts of 

Atomic Energy Commission a

of responsibility for the constru

ing were accomplished

1 Establishment of a co

of the Maritime Adminis

the New York Shipbuildin

and States Marine Lines 

vessel sstartup tests and tr

2 Crystallization of plan

spring of 1960 tests and tri

followed by an experiment

in limited commercial serv

tion approximately 18 mo

regulatory operational and 

from the operation of a nuc

3 Appointment by the 

Atomic Energy Commissio

528479593
the nonengineering prob

NS Savannah The gro

maritime and nuclear re

dom France Germany 

With respect to the mainte

a contract has been let wit

Dynamics Corp for the de

In addition a contract was l

July 9 1959 at a contract 

nonpropelled shipside servic

Finally considerable effor

mize potential environment

operation to minimize acci

for the maximum degree of 

nated with the US Public 

US Coast Guard American 

agencies

Other construction

The total number of merch

reconstruction or on order in

creased due tothe reduction i

the small number of new con

tion at the end of the fisca

conversion or on order p

worth of work to the indu

a construction value of 30

on order under the subsidiz

3 ships with an estimated 

delivered during the year

At the beginning of the fi

under Maritime Administra

cargo ship for Grace Line 

Moore McCormack Lines 

Merchant Marine Act 1936 

Contracts were also award

1936 for the construction 

replacement programs whic

titled Constructiondiffere

Criteria for implementin

Congress amendment of s

1936 were restudied durin

to facilitate their applicab

sidered as to the applicab

contracts under its authori

A summary of new ship 

tained in appendix C

12
Ship conversion and rec

Contracts were awarded du

chant Marine Act 1936 for 

included two passenger vesse

stitution for American Expo

sels for American President L

container vessels for Grace 

for American Export Lines 

for American President Line

Shipping S

Considerable effort was exp

and the preparation of a va

nection with hearings before 

Board Special reports also 

Defense and in response to 

Board for Ocean Shipping N

and employment of American

trades competition of Americ

of the principal trade routes 

American merchant marine

Ship and cargo data

The collection and process

foreign and domestic trades 

slightly reduced scale the re

receipt of approximately 600

of ships in the foreign trade o

mately 4000 less than receive

foreignflag competition enc

operating on 44 subsidized li

for use in calculating rates for 

Efforts were directed dur

Summary of the Principal S

Countries and Their Shippi

the compilation of basic data 

in the publication in the latter 

Analysis of the World sMerc

Shipping and Shipbuilding 

reports continued throughou

appendixes D E and F

Port development

In cooperation with the De

neers for Rivers and Harbor

No 19 Ports on the Gulf Co
St Joe Panama City Pensa

and Lake Charles Part II 

port Port Isabel and Brow

the following Port Series vo

of New Orleans La No 

City No 24 The Port of 

of Corpus Christi Texas

Labor data and labor m

Seafaring employment abo

of 1000 gross tons and over 

total of 50200 jobs on Jun

since 1942 Those shipyards 

ships experienced a slight 

5500 The number of work

vate construction contracts 

ployment on Navy contrac

nationwide longshore emplo

the year

The study of seamen ann

pleted by the Bureau of Lab

ings and Employment of Sea

jointly by that agency and 

The 3year contracts of the 

were renegotiated without m

cept for a 7 day strike of th

the east and gulf coast dry 

Various individual ports on 

Lakes experienced laborma

the result of longshore ship

and other collectivebargaini

for sound collective bargainin

decrease of interunion disco

industrywide advantages of 

ment program

Shipping documentation

The Subcommittee on Sh

Coordinating Committee of t

with the Internal Auditor of 

man This interdepartmenta

the US Government positio

ger and cargo documents re

The initial phase of the stu

documents required of vesse

conjunction with the subcoms

having as its end result the 

internal records and statistic

14
Marit

US Merchant Marine A

The US Merchant Marine 

fiscal year an average of 95

with 163 successfully comple

All graduates exclusive of fo

Marine officer licenses issued 

or third assistant engineers of 

of science degrees and if q

US Naval Reserve

There were 1944 candidates 

by Members of Congress 313 

the entrance and physical ex

by the Members of Congres

academies resulted in a more 

was possible in the past howe

has not fully materialized to 

a sufficient number of candida

The 16th Congressional Bo

Marine Academv conducted 

on June 12 19i9 with mem

G Magnuson Washington e

shire Clair Engle Californ

Representatives Herbert C 

Victor L Anfuso New Yor

A Fine New York John H 

New York It is anticipate

early in fiscal year 1960

Pursuant to Public Iaw 69

trator convened a meeting o

chant Marine Academy at W

The Advisory Board was co

dean of instructions Conco

School of Humanities and S

Technology Harvey H Da

Martin A Mason dean sch

University Henry D Merce

Corp and Edward Reynold

University Also attending 

Paul A Fine and John H R

gressional Board of Visitors 

of the Kings Point Congre

with the Maritime Adminis

current operation of the Aca

requirements necessary curr

Subsequently at the reques
convened at Kings Point NY

faction with the progress be

mendations of the board In 

other things a the schedu

of teaching and one quarter 

consultation etc b that 

urged that the required fund

HR5383 and S 1233 to con

d that funds be provided 

the Academy

On January 19 1959 a con

tion of a memorial chapel at 

tion 581 117 on June 30 1

appropriations by the Congr

cash bonds and pledges hav

200 0 in profits from the 

service stores at training s

under the provisions of Publi

of the chapel and its furnishi

future donations The chap

American merchant seamen l

State maritime academie

The State Maritime Acade

and Hyannis Mass and the 

Fort Schuyler NYhad an 

status during the fiscal year a

213 graduates who received th

as third mates or third assista

Coast Guard and those who q

in theUS Naval Reserve

Other activities

The Maritime Administras

was continued with three ra

York New Orleans and San 

initiated pursuant to the rec

Sea Study of the House Mer

HR 2969 January 3 195

November 1957 there have be

successful completion of the 

operation and use and the i

formation Also there was c

merchant marine officers in a

defense firefighting and dam

jointly by the Maritime Adm

tion Service and the Depart

centersNew York New Orl

I Ul
Ship Sales 

Ship sales

Under authority of the Merc

desirable of the 1400 World W

tional Defense Reserve Fleet h

of the Navy for scrapping 

1958 and 113 ships during the 

return to the Government of976

As a result of the continuou

the reserve fleet the overage 

127 890

An additional 53153 was 

from the ships during dismant

title under the sales contract

Transfers to foreign ow

During the fiscal year the p

fers of US privately owne

registry was revised to a a

foreign transfer approval giv

in US shipyards does not a

privilege to another UScitize

time Administration and b 

of the Maritime Administratio

and the payment of liquidate

such construction was a cons

transfer

The foreign transfer activiti

although the trend of redocu

US laws continued Durin

proved for the transfer of 23 

UScorporations for redocum

13 approved for redocumenta

approved for the 2 year per

June 30 1959 only 23 of the

underUSlaws

Approvals were granted pu

ping Act 1916 of application

andor registry of 852 ships 

approvals were granted for 

shipyards for foreignflag o

were ships of less than 1000 

craft and pleasure craft T

constructed for forei nflag 

over and consisted of 6 tanke

laneous types schooners dre
Fortyone charters of US 

approved by the Maritime 

affreightment 1 to 20 years and voyage a

During the year an item o

This involved an approval 

Administration in 1957 for 

owned foreign controlled c

weight tons for operation 

approval then granted place

tive UScontrol Howeve

was received from the ship

under Greek rather than L

of the vessel from effective 

and in consideration the M

UScontrol over three Lib

in Japan having a total dea

Prop

Real property

Reevaluation of Maritim

from the standpoint of imm

costs produced the followin

Alameda Calif and Vanc

station at Sheepshead Bay 

Services Administration an

savings in maintenance cos

interests of certain proper

in event of national emerge

of 179 000 in addition to m

without cost to the Govern

contracts with private ind

Governmentowned reserve 

rived an annual return to t

On May 15 1959 the prop

yard at Richmond Calif on

under the Maritime Admini

NCwas advertised The 

such purposes as ship scrap

such other industrial uses as 

istics of the yard

Other real property of th

minals at Hoboken NJ an

NJ Baltimore Md Nor

mond Calif and reserve 

Va Wilmington NC Mo

Calif Astoria Oreg and 

station at St Petersburg F

1F
Warehouses

The Maritime Administrati

Governmentowned warehouses 

ment required in a national em

in the reserve fleets and for th

of vessels At the end of the 

including administrative equip

increase of2127 945 This i

moval and placement in the w

spare parts from ships placed 

Material control invento

There were 118 ship and rela

ventory certificates for consuma

of 269 177 as accounts receiva

Certificates of overages and sh

of 231 354 as accounts receiva

Surplus and excess persona

acquisition value of2515 07 

ministration This amount in

of property valued at 288 P

value of2514 759 was dispose

fer and sale under the provisi

quisition value of1471 205 wa

ment agencies with an exchang

Administrat

Defense planning

In the area of defense mob

mately 100UScities were requ

plans for the continued opera

conditions A manual was pr

assist them in accomplishing 

formal delegation to the age

control and operation of ports 

zation requested the Maritime 

planning activities Accordi

drafted containing port contr

gency port control organizati

attack and postattack This m

partment of Defense for conc

Personnel

Composition of the three m

mained unchanged consisting 

Chairman 4year term expiri

528479594
Texas Vice Chairman 4y

Thomas E Stakem of Virg

The total number of emp

time Board and the Maritim

2922 a decrease of 199 pos

6 percent reflects primarily 

in the eight national defen

reduction in force of fleet 

Greater emphasis was pla

Executive Reserve Maritim

309 and as of June 30 1959 

were designated as reservis

servists in various stages o

gram is to have a standby 

assignment in time of natio

sions of Executive Order 1

Organization and meth

During the past year the

of the activities of the Fed

istration These surveys h

appropriate in the followin

zational and functional res

modification or elimination 

c simplification of admi

conducted included 1 in

dures involved in the perfor

sibilities and 2 internal p

mentaid contracts

Investigations and secu

The excess of cargo spac

resulted in an ever increasi

on the part of carriers ship

sons subject to the shipping 

leged rebating and other un

part of terminal operators 

unapproved agreements wit

ping Act 1916 As a conse

tinued to put emphasis on 

increased investigative work

of the handling and carriage 

49 cases were closed where 

compliance with the regula

hearings were held and Bo

issuance There remained a

stages of formal hearing 3 

tice awaiting action as to p

vestigation and 56 investig

20
The security program with 

the Federal Maritime BoMar

accordance with the provisions 

F

Financial relationships w

Activities in connection with 

ments and obtaining complianc

tracts or negotiating contracts 

the Maritime Administration 

marily because of the finalizat

trade out andbuild transactio

programs under operating diff

essing of applications for ship 

the last 6 months of the year 

ing conditions in the shipping 

analyses of financial stateme

were required to determine th

ernment in protecting its in

which it is a party

Accounting

Accounting operations were 

accordance witli principles an

troller General of the United 

Federal Maritime Board and 

in the exhibits and schedules f

Of the 51 agents under Na

originating in 1951 46 were 

accounts of 31 had been close

cuted with 20 of the closed age

Audits

Expenses eligible for subsid

contracts have except for pr

pense been audited through th

ments of up to 90 percent of 

covering such expenses Aud

completed during the current 

covering varying subsidy pe

year 1955 resulting in payme

cent of accrued operating diff

charter agreements have for 

settlement of pending litigatio

functions relating to ship con

tracts are being performed on 
due the Government appro

completed during the fiscal ye

The balances in the statut

as of June 30 1959 aggreg

spectively and are set fort

balances amounted to 13304

of the beginning of fiscal yea

In addition to mandatory 

mitted with approval of the 

tary deposits from earnings 

the statutory reserve funds 

posits aggregating 1906600 

during the fiscal year and th

was pending approval at the c

Insurance

During the fiscal year legi

Department of Labor resp

benefits provided for under 

legislation Public Law 8623

In this connection there wer

year ending June 301959

As a result of competitive 

indemnity risks was provided 

Insurance Co of Los Angele

operated by general agents o

the Military Sea Transportat

During fiscal year 1959 tin

time protection and indemn

recovered from underwrite

As of June 30 1959 the un

the settlement of outstanding 

Under the Maritime Adm

marine and war risk insuran

continued to be assumed on 

seamen insurance remained 

contract operated tankers 

under this arrangement pay

approximately 5100 was s

resulting in a net premium 

request of the Department o

agreed to furnish war risk 

supertankers chartered by th

from private owners in th

underwritten commercially b

at a prohibitive premium U

over the agreed basic prem

Sea Transportation Service 

to provide this coverage

22
During the fiscal year 195

ance program as authorized u

1936 as amended 369 new w

On June 30 1959 binders 

1032 war risk hull 962 wa

865 war risk second seamen 

net binder fees and binder ex

and a total of 134 929 in ex

113 648 was paid to the unde

The Maritime Administra

to collect monthly premiums 

underwritten as authorized t

Revised From inception 

war risk builder srisk policies 

794 150 were received Sub

provides for war risk insuran

vided commercial insurance is 

conditions Of the 27 contra

agents 21 remain in effect

The Maritime Administra

renewals thereof obtained in 

charterers and subsidized op

Kind of insurance 

Marine hull 

Marine Protection and indemnity 

War risk lnuL 

War risk protection and indem

Notes and accounts rece

Of the balance of accounts 

approximately 17 million a

resents items on which active 

remainder of the balance is m

collected at the time of final 

Department of Justice accrue

completion of ship constructi

gation status and accounts 

Authority general agents O

ing 37991 830 only 193 970 

cent was outstanding and clue 

7

of other Government agencies 

271 154 on which collectio

basic determinations

Claims

The following reflects the c

ralty Act during the year 
claimed resulted in a settle

ernment and five claims am

the Government for9491

Leg

There were rendered for 

opinions with respect to th

all of the programs and ac

Maritime Administration 

were maintained with repre

other Government agencies 

in the administration of the 

and the administration of 

there follows the more sign

of contract administration 

Contract administration

A voluminous number o

documents were drafted a

described in other sections 

considerations of executiv

application and interpretat

Legislation

Testimony statements a

andor reports and recomm

and the Director Bureau of 

legislation enacted into law 

section 2 of the Shipping 

amendment of the renegoti

insurance provisions of Tit

amendments to Title XI M

standby mortgage insurance 

deposit of funds in escrow 

antee by the United States 

and Public Laws 863 and 

to the maritime field In a

legislation covering ship w

deposits of ship earnings 

status custom duties on for

authorization of appropria

aid in developing construc

chant ships dual rate com

construction of an experim

respective admiralty jurisdi

courts and amendments to 

Marine Act of 1936

24
Including the foregoing t

Maritime Board through its 

prepared statements or repo

proposals

Litigation

A substantial portion of pen

for and against the Governme

of 1946 A new category of 

of 131 ibels by charterers claimi

pal portion of the total sum b

incidental to the breaking out 

reserve fleet preparatory to t

the claimants during the yea

refund of additional charter h

ships were filed making a tota

In this category there are an 

the Government and about 4 

charter hire Of great imp

liability was a request to the US

of the Court of Appeals 2d 

judge to participate in a decis

hire cases the Court of Appe

decisive had reversed an earl

on the question of time bar an

court for the hearing of evid

ing the invalidity of this ages

of Claims rendered an adver

result of which the Governme

before a commissioner the se

461

1

A district court dec

427 991 charter hire based 

hire on a floor price higher th

was affirmed on appeal Amo

volving class and related wo

384 81 and three snits tota

of conditions to foreign trans

In addition to the foregoin

and class work totaling 360

Government were dismissed p

other slotting and strapping 

administrative settlement for

a claim for desirable features 

a total of 14 such suits by cit

14136 still pending This 

features totaling 550 836 ag

after settling 30 of such cla

settlement with the onvegia

various pending desirable fea
two

6

Court of Claims suits a

136

Cases filed during the yea

Court of Claims suits by Am

involving capital necessarily 

subsidy agreement and by 

for charter hire on three ob

ment to sell to the Governm

USDC

during the period in other c

ND Calif holdi

for failure to timely scrap 

Biloxi Boat Wrecking Com

Government sclaim for 8600

vessels purchased on the g

scrapped within the period a

During the fiscal year the

volving determinations and 

in its regulation of rates c

foreign trades of the United 

operating differential subsid

were disposed of a Ezra 

an appeal from an order of t

age contractnoncontract ra

DC Cir remanded the p

the recent decision of the 

Board v Isbrandtsen Co 35

lation Public Law 85626 

Federal Maritime Board in 

reversed and remanded a Bo

offer space on a common carr

has since issued a new decisio

Line c Anglo Canadia

States of America in which 

an order of the Board and re

further action relative to the 

age agreement in use by the 

d Pacific Far East Line v 

appeal from a decision of th

mission to carry cargo from 

Board smotion for summary 

Other pending cases of 

USDC

explosion litigation Sheffi

ND Calif in wh

that the Government may lim

in damaged condition if it 

knowledge involved

26
Regulato

During fiscal year 1959 carg

foreign trade of the United St

in intensified efforts of the ste

available cargo These effor

give rise to an increased numbe

employment of unfair practice

rates misbilling and misclassifi

complaints and protests were u

evidence is obtained they will 

before the Board to determine 

The conference lines were confr

out of the uncertain legal stat

This situation appears to have 

lous member lines to violate the 

ment It was anticipated that 

of the contractnoncontract s

this situation In this connect

poses to submit to the Congre

advocate that steamship confere

subscribe to the principle that 

are in the interest of the foreig

are of greater importance than 

cate the legalization of the con

the preservation of stability o

commerce and d provide 

shipping statutes to accomplish 

the Board to discharge its regul

The domestic offshore trades 

ships which has made possible 

offshore territories and posses

increasing volume In many 

expenditures to the carrier wh

with the shippers in the form 

no reduction in freight rates 

in transportation costs to the 

and reduced port costs Acco

has brought many new problem

lation of container carriage ba

principal matters of concern 

tainer rates may become anoth

receiving the attention of carrie

The admission of Alaska to 

problems with respect to the 

nection when Alaska was a 

factor through tariffs which 

carriage but also embraced tra

in Alaska Although recogniz
ulatory problems the Boa

of the benefits to the con

the advent of statehood the

a possible conflict in jurisd

best overcome by the crea

legislation which will mak

tion by land sea and air w

with the regulatory duties 

agencies

Conference and other 

The Federal Maritime 

agreement modifications 

agreements approved were 

were between steamship lin

to the Great Lakes and to 

and Baltic ports and thre

by motor who also operat

for fixing of rates on hou

ports and Alaska and various foreign 

The Board instituted on 

respect to agreements filed 

a operation under a new 

rates in the trade from US 

Northern Ireland and Eire 

ratefixing conference agre

ment between Matson Nav

Orient Line Inc and State

to the common carrier serv

ate between US Atlantic 

instituted on its own motio

ment and practices pertain

and South Atlantic Havana 

Dates foreign

Freight and passenger r

were made for ambiguities 

which lead to improper ra

criminatory rates and cond

In this connection the Bo

vestigation with respect to m

ported from US Atlantic 

RatesUS territories 

Freight and passenger r

filings for 75 new services 2

portation of household good

were rejected for failure t

28
tions Sixtyfive special permis

fares or waive certain tariff reg

were filed 52 of which the Boa

denied by the Board or withd

The Board on its own motion 

respect to misclassification of p

United States to Puerto Rico 

fulness of the reduced rates o

US Gulf and midwest points 

Terminal tariffs

A total of 2095 tariff sched

compliance with formal ruling

shipping laws

Freight forwarders

After proposed legislation t

freight forwarders failed to pa

sumed its formal forwarder 

Public hearings in these docke

of various practices of ocean f

of proposed rules and regulation

and c review of previous dec

erage and other fees and dete

limit payment of brokerage A

pending hearing examiners rec

The number of persons hold

freight forwarders decreased 

cancellation of 286 registration

granted The Maritime Adm

of US citizen forwarders to 

with the movement of Govern

published its annual list of all 

citizenship

Proceedings Bef

At the beginning of the fis

pending and there were filed 

and 18 subsidy cases and 8 

further proceedings by reopen

cases The Board andor Ad

cases and issued final reports in 

of without report

Final decisions of the B

Docket So 771Ranana Ditriw

o 77Arthur sehvart v Gra

port found that 1 respondent in 
vessels between ports on the 

Ports was a common carrier b

Act 1916 2 the practice of 

vessels to three shippers was 

and unreasonably prejudicial 

Act 1916 and 3 forward 

which respondent srefrigerate

fied banana shippers found to 

Docket No 799 Aleutian H

that respondent carrier violate

tion 2 of the Intercoastal Sh

prefabricated houses and in fa

sulting in overcharges to comp

Docket No 800Empire Sta

New Jersey Motor Truck Asso

Docket No 801Truck Loadin

York Investigation of Rates 

and Docket No 821In the Ma

Export Lines Inc American 

American Stevedores Inc Int

The Board found that a resp

new agreements or modificatio

tion 15 of the Shipping Act 

3 were not shown to be unju

commerce or in violation of th

properly to comply with the 

the tariffs issued thereunder 

the Shipping Act 1916 c 

not shown to be unjustly discr

or in violation of the Shipping 

in this tariff were found unre

therefore unjustly discriminat

d the provisions that extra 

more than 6000 pounds to be d

and unreasonable practice in v

e the agreement No 80051 

respect to truck unloading fou

or detrimental to commerce o

approved as modified and f 

Injured and not entitled to rep

Docket No 817Nickey Brot

Moulin Conference America

respondents rates on Philippin

to Atlantic and gulf ports of 

and unjustly discriminatory a

thereof and unjustly preferen

the shippers and receivers the

the Shipping Act 1916 to the 

on bundled lumber The resp

violations

Docket No 820 Brokerage 

Jack Pollack Phyllis Pollack L

Co Inc Bimor Textile Comp

Lynne Forwarding Inc made 

the period of April 1952 throug

violation of General Order 72 a

its Freight Forwarder Regist

Phyllis Pollack were found to 

rectly by unjust or unfair dev

for property at less than the ra

30
cable in violation of section 16 of 

was referred to the Department 

proceeding was dismissed as to Phyllis 

Docket No 823 Classification an

Glass Jars HazelAtlas Glass Comp

respondent HazelAtlas Glass Co kn

classification obtained transportation 

or charges which would be otherw

of the Shipping Act 1916 HazelAt

sion As to respondent Inge C

presiding examiner

Docket No 824 Classification and 

ware Items as Glass Bottles ando

The respondent Markt Hammache

ingly and willfully by means of fals

water for property at less than rat

applicable in violation of section 16 o

by the Board to abstain from such pra

Docket No 828 General Increas

Board found that the proposed incr

and practices of respondents were jus

Docket No 844 Asgrow Export 

V The Hellenic Lines Ltd It wa

sections 14 Fourth 16 and 17 of the Sh

Docket No 57State8 Marine C

of DelawareApplication for Opera

tinent Service US Pacific CoastPa

terranean Service and No 557 Su

Corporation and States Marine Corpo

ten Permission Under Section 80a 

Board found that a Section 605 c 

not interpose a bar to the granting 

tract to States Marine Corp and S

operation of vessels in the TriCo

transpacific services number of sail

interposed a bar to the award of 

to States Marine Lines for inbound 

East to the Pacific Northwest with 

bound on Trade Route 30 inbound 

inbound service to the Gulf from Eu

nent service and service between th

sailings c the continuation of 

extent of 24 to 36 annual sailings 

the extent of 14 to 17 eastbound 

States Marine Lines would not resu

tors and would not be prejudical t

the continuation of Isthmian Lines 

its US AtlanticGulf Hawaii servic

to domestic operators and would no

of the act

Docket No 560Isbrandtsen C

Differential Subsidy Agreement E

Docket No S60 SubNo 1Isb

Written Permission Section 805 a 

flag vessels in the eastbound roundt

additional vessels should be operate

of the Merchant Marine Act 1936 

an operating differential subsidy c

round theworld service except as to 

of its eastbound intercoastal servic
Puerto Rico to Norfolk and f

Haven in conjunction with it

to constitute unfair competit

prejudicial to the objects an

Docket No 564Isbrandts

Differential Subsidy on Tradc 

ice between North Atlantic p

dom Germany Holland Belg

inadequate and additional ve

ingly section 605 cMerchan

the granting of an operdiffer

Inc for the operation of cargo 

Docket No 567TJ McC

tion 805 a Permission Th

further hearing under section 

Docket No 577Oceanic 

Permission Under Section 80a 

mission was granted to Ocea

Merchant Marine Act 1936 p

tion Co to charter the lattes 

a similar substitute owned ve

single oneway intercoastal v

North Atlantic ports with a f

of such permission did not res

exclusively in the coastwise o

the objects and policy of the Me

Docket No 579Tice Ocea

tion 805 a The Board found 

or about January 6 1959 be

Hawaii and Seattle and Ca

unfair competition to any per

the domestic trade nor be prej

Marine Act 1936

Docket No 580 Docket N

tions Under Section 805 x 

Moubray commencing on or a

lumber from US North Pacif

voyage by the SS Mormaesun 

a full cargo of lumber from 

Atlantic ports would not res

or corporation engaged exclusi

not prejudicial to the objects 

Docket No 582 Docket N

cations Under Section 805 a 

booked by the Military Sea Tr

aboard the SS President Hoove

and one sailing inbound on or 

competition to any person fi

domestic trade nor be prejud

Marine Act 1936

Recommended Decisio

Docket No 827 Philip R C

Docket No 835Flota Aferean

from Bcuador to the United S

Inc v Flota Mercante Grancol

Plots Mercante Grancolombian

to complainants for the carria

ports and at the same time le

32
section 14 Fourth and 16 First of the 

cancel its existing contracts for the c

Atlantic and Gulf coasts of the United 

be prorated on a fair and reasonabl

qualified applicants therefor under for

Docket No 830Agreements Nos 8

Rouge Port Commission and Cargill I

lessee leasing port s grain elevator t

facility was found not subject to filing 

Act 1916 However it was found tha

exclusive right to stevedore vessels l

mental to commerce and would result 

relating to the delivery of property

Docket No S33MaatschappiJ Zee

Anchor Line Limited at al Docket 

Anchor Line Limited The Bristol Cit

No 840 Petition of Anchor Line Lt

and Docket No 843In the Matter 

Line Limited The Bristol City Line 

of Oranje Line et al Against Appro

solidated for hearing and report In N

not been shown to have engaged in 

and sailing arrangements or a conspir

States Great LakesUnited Kingdom 

and 15 of the Shipping Act 1916 In 

power to act under the Shipping A

8140 and 8130 covering the trades be

Lakes ports and ports on the St Law

and New Brunswick on the one hand 

other notwithstanding that the agree

of nations other than the United Sta

not been shown to be detrimental to th

wise in contravention of the Shippin

found that approval of proposed Agre

the same trade area as is covered b

and 8130 would be detrimental to the 

the proposed agreements should not b

Docket No 5 67T J JlcCarthy 

tion 805 x Permission It was foun

be granted to applicant on Trade Rou

mobiles on the Great Lakes from Det

between any and all ports on the Gre

tition to any person firm or corpora

or intercoastal service or be prejudici

Marine Act 1936 Written permiss

granted

Docket No 572Isthmian Lines A

Subsidy Agreement Docket No 57

cation for Increase in Subsidized S

No 575American Export Lines I

Trade Route 18 and Docket No 57

Application for Operating Differentia

c of the Merchant Marine Act 193

operating differential subsidy contra

operation on its westbound roundth

posed operations on its India Pakista

Isthmian Lines Inc and its predec

operation in the Atlantic and GulfH

entitled as a matter of law to perm

continue this service Similarly Isths
ware found entitled to contin

its Pacific Atlantic lumber se

vessels in the round theworld 

Ltd found not inadequate w

which therefore interposes a 

contract to American Preside

thereon The requested perm

such additional vessels in wes

USflag service from the Red 

fore American President Lin

be amended to authorize priv

world service at Red Sea and 

Section 605 c of the act fou

differential subsidy aid to A

Steamship Corp for operation 

present service by USflag ve

Docket No 578American 

805 x Merchant Marine Ac

Lines Ltd should be given pe

Act 1936 to operate its propos

interim the SS President Ho

subject to certain limitations 

have grandfather rights und

of its transpacific passenger v

Docket No 583Gulf S

Under Section 605 c Mercha

South American Steamship Co 

US Gulf ports and the Panam

flag vessels is inadequate sect

tion of the additional service p

Examiners also issued decisio

scribed above under Final de

Pending proceedings

At the close of the fiscal ye

it were initiated on the Boars

by formal complaints filed by c

steamship operators and others

Internatio

The Assembly of the I

Organization IMCO a s

tions and the first perman

field of maritime transpor

ary 6 1959 The Chairma

time Administrator was de

of IMCO it 16nation bod

organization between the b

Members of the Maritim

on technical panels set up 

Guard preparatory to the 

will meet in London in t

IMCO

34
During the year various intern

projects designed to promote uni

regard to liability for injuries an

tion of nuclear reactors

Of even greater interest has be

national convention covering the 

of nuclear powered vessels as the 

be uniform in regard to the liab

these ships Early this year the 

which is made up of the maritim

nations undertook the adoption o

With the concurrence and assista

Maritime has urged this group t

soon as possible and has assiste

of principles and concepts that w

as well as other maritime nat

reached the recommended conve

matic conference for final adoptio

The 11th meeting of the Plann

in London during April 1959 T

the US delegation This mee

continuing mobilization plans fo

NATO merchant fleets Prior to 

Maritime Administration attende

Group of PBOS held in London 

a meeting of the Senior Civil 

NATO convened in Paris in Octo

The Maritime Administration 

ernmental shipping talks held u

of State in June 1959 These 

US shipping policy with respe

flags of convenience were the r

ments of Belgium Denmark Fr

Italy Norway Sweden the Unit

In other areas of internationa

ministration official represented 

Meeting of the Permanent Tec

Montevideo Uruguay in June 

tion continued to work closely w

viding supervision and instruct

training in this country as Unite

International Cooperation Adm

the International Cooperation 

ministration agreed to participa

zation of the Merchant Marine 

of Indonesia

The agency continued to coop

combating discriminatory action

nied parity to American mercha
concern during the fisca

of USforeign commerc

protect USflag vessels 

posed rule which would 

government or agencies t

tices found to exist S

charges or regulations ag

inating countries or vess

ing countries have exten

the users of their servi

approved for publication 

of a fee equal to 1 perc

from the United States t

tered under that flag or v

the same privileges

36
FINANCIAL 
W

411

w

n

yW

a

Z

e

a

hN

z

OQ W

W

F

Q

z a

Q C3 ti

O CD

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6 F

O W I

O d

Wd

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9

6

WO

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F

6

IIn

q t

J a 

a 

fv 

rjO 

aa 

W 

oL 

G 

E cq

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COE

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a 

fv 

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aa 

W 

oL 

G 

E cq

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qm ag

Q

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Vg n a

y

g
FEDERAL MARITIME 

DEP

Statement of Operations 

OPERATIONS OF MARITIME ADMINIST

Operating activitiesc 

Revenues and mim

ee

AmnaTMENT APPLICABLE TO PRIOR Y

Maintenance Maritime ttrainingreserve Progra

ea f

Oparmlo eaWOn ofwar

maintenance sh

Costs and expenses

If activities 

Maintenance of reserve fle

Mmajim Operation training of wareloup

Maintenance of reserve sh

Net costs and expenses

Net metric loss from Federal Ship 

Maintenance of reserve floe

Maritime training program 

Operation el warehouses 

Maintenance of reserve sh

Direct subsidies and costs attributa

Estimated oPCratingdifferentia

Adjustment of estimated reeap

Cost of national nationa defenefensefeardiceatu

Cost of national defense allocat

Administrative expenses 

Other costs and expenses

Ioss on vessels sold lost or aba

Loss

Loss

onsale

on sale

of

of surplus

fixed aasots

material

othe

Inventory and other property a

Research and tests 

Cost of repairing reserve fleet v

Miscellaneous 

OtherInterest incomeearned on notes and m

Aliscelancou

Other costs and OxPensw net 

Net cost of Current year operations 

AmnaTMENT APPLICABLE TO PRIOR Y

Write off of reserves for estimated 

under Merchant Ship Sales Act o

Adjustment ofeliarter line revenue 

Net charges arising from adjustmen

World 4Var If activities 

Participation in profits of World W

NET COST OP MARITIME ADMINISTRAT

Net income from National Shipping Au

Net income from War Risk Insurance P

Net metric loss from Federal Ship 

NET COST OF COMBINED OPERAT

Includes reconstructiondifCrential 

The notes to financia

40
FEDERAL MARITIME BOARD A

DEPARTMENT 

Statement of Equity of the United 

June 30 1

i to Ibe IJc

cal year 19

I to the Dcp

u1132 cons

sets sunk d

ud to the 

ubtful notes 

irnt donated to state nencu5

Is and snpphea donated to st at a aeenc

A of set t lenient of acconnis Ivicenable 

of J us ce

ated bal ntec of apps oprntions lransfa

Inet of estotation of D11 n09 in 1xvl 

atent of 196reserve esablshrd to I eduu th

f the ort DUl emu Plena nt of mnhtun ilia

Lhutoru removed dur Prior cars co

Cost ofL

dlold III purovoi ered

A ot of cost ofhbchold n 

York Authority to tlobokeu Terernunal n 

BALANCE CLOSE OF YE III 

BALANCE BEOA N1NO OF YEAR
FEDERAL MARITIME B

DEPA

Statement of Sources and A

SOURCES Funds appropriated by the Congres

Collections on mortgage loans receiv

Funds advanced by other Governm

Proceeds from sale of vessels owned 

Funds provided by the Secretary o

against fmrds of the War Shippin

Funds borrowed from USTreasur

Working capital transferred from ot

Contributions received for construc

Proceeds from sale of fixed assets oth

Total funds provided 

APPLICATION

Net cost of operations per Stateme

Items Considered in net cost of o

Loss on fixed assets sold los

Vessels

Other

Payments into General Fund of US

Expenditures for vessels owned and 

Expenditures for land and site deve

including construction in progress 

Provision for losses on doubtful note

Warehouse material transferred to m

Materials and supplies donated to s

Unobligated balance of appropriatio

Increase in working Capital par sum

Total funds applied 

Summary o

AwETs Cash 

AdvanCps 

Notes and accounts receivable 

Accrued interest 

Materials and supplies 

Other assets 

Total 

LIARmtruni Accounts payable and other liab

Reserves 

Net unterminated voyage reve

Total 

WORKING CAPITAL 

INCREASE IN WORKING CAPI

Disbursement of 77931 875in 1959 

ernment agencies offset against liabilities 

FEDERAL MARITIME B

DEPAR

Notes to Financial 

1 The balance sheets and the s

the accounts of certain steamship 

tion under General Agency agreeme

2 Mortgage loans receivable at 

balance of 157 00 and accrued 

with principal balance of17085

declared in default on or before th

CL
stories of materials and supplies 

or estimated cost to the Adm

ondition of the inventories in e

cordance with generally accepte

he financial statements do not 

IS As a result of this practi

nd other recorded net costs an

ttlon were recognized in the ac

tied in vessels under constructio

on costs of 72685 824 and at 

of 118 752 06 which have b

of these vessels will be transfe

mined t anerxtinr differential subsidie

fine Administration was 

truction loans and accrued 

t June 30 1959 and 756

al loans andor mortgages 

June 30 1058 There w

Jere Risk Insurance of 785

line Administration was C

I

0

settlements to be made 

469 131 at Time 30 19

These unrecorded liabil

ivable in connection with s

ration Segregating 1590

at June 30 1958 Many 

represent ndjustments o

inations to be made Bas

these claims will be made 

claims

30 1959 the Administra

United States Governmen

of United States Govern

had been accepted from v

assure performance under 

FEDERAL MARITIME BOARD 

DEPARTME

Statement of Operations of Nationa

June 30 

SHIPPIN

Vessels

GPER1T10 v

operated by general agents

Terminated voyage results terminated 

Re venue

Expenses

Gross profit loss from vessel op

Chartering of vessels to others

Total gross income from shipping operatio

NONSHIPPINC OPERATIONS

Vessel reactivation costs

Vessel deactivation costs expense of restorin

Costs of testing and operation of NS Savann

Miscellaneousexpenses

LessReimbursement of vessel reactivation co

Reimbursement of vessel deactivation co

Reimbursement of costs of testing and o

Miscellaneous income

Net cost income of noushipping operatlo

ADMINISTRATIVE EXPENSES

NET INCOME FROM OPERATIONS

APP
Summary of Operating Diffe

Name of operato

American Banner Lines Inc 

American Export Lines Inc 

America Mail Line Ltd 

American President Lines Ltd 

Bloomfield Steamship Company 

Farrell Lines Incorporated 

Grace Line Ina 

Gul South American Stesmship Co 

Lykes Bros n

Co Inc 

Mississippi Shipping umhiPCompany Inc 

Moore McCormack Lines Inc 

The O a me Steamship Company 

Pacifta Faz Past Iina Ioe 

States Steamship Co nPany 

United States Lines Company

Carea Service 

SSAMLRICA

SS UNITED 

STATES 

M
APPE

Aid to Vessels Over 20 Years of Age 

Under Section 605 bMercha

Company 

APPROVED DURI

American Mail Lino Ltd AMER

OREGO

INDIA 

CANAD

Grace Line Inc SANTA 

SANTA 

SANTA 

SANTA 

Farrell Lines lncorporated

SANTA 

SANTA 

Gulf South American Steamship Co GULF 

Inc GULF 

GULF 

Pacific Far East Line Inc GOLDE

KOREA

United States Lines Company AMER

Grace Line Inc

AMER

AMER

AMER

AMER

AMER

AMER

AMER

AMER

AMER

AMER

AMER

PIONE

PIONE

PIONE

PIONE

PIONE

AMER

PIONE

PIONE

PIONE

AMER

AMER

AMER

AMER

AMER

AMER

AMER

APPROVED IN P

American Export Lines Inc EXPLO

American President Lines Ltd PRES

PRES

PRES

PRES

PRES

PRES

PRIi S

PRES

Farrell Lines lncorporated AFRIC

AFRIC

AFRIC

AFRIC

AFRIC

AFRIC

AFRIC

AFRIC

Grace Line Inc SANTA 

SANTA 

SANTA 

SANTA 

SANTA 

SANTA 

SANTA 

S11T4 
Aid to Vessels Over 20 Years 

Under Section 605 bMerc

Company P 

APPROVED IN 

Grace Lme IncContinued 

Lkes Bros Steamship CO Inc 

MooreMeCOrmack Lines Ine 

Mississippi Shipping CoInc 

States Steamship GOIDPauY

xl
OM

F

n

v C

x o

0 o

da

c

zd

R

0 V

n 

p 6 W W

0 90 

t5 

E E

o 

4OQDOW

0 

8a c 

9 

G U

Apo 

G

o 

FT

tiE 

F V 

z

c

r

s 

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