Annual 

FEDERAL MA

MARITIME A

P 

O

UNITED STATES DE

For sale by the Superintendent of 

Washmgtun 23 
UNITED STATES D

SINCLA

W

FEDERAL 

LOUIS S ROTHSCHILD C

ROBERT W WILLIAMS 

E C UPTON JR Mem

A J WILLIAMS Secreta

MARITIM

LOUIS S ROTHSCHILD M

THOS E STAKEM JR A
Letters 

UNITED STATES DEPAR

F

Wash

To The Secretary of Commerce

FROM Chairman Federal Ma

trator

SUBJECT Annual Report for fis

I am submitting herewith 

Board and Maritime Adminis

fiscal year ended June 30 195

To the Congress

I have the honor to present 

time Board and Maritime A

Commerce for fiscal year 195

CO

Fiscal Y

INTRODUCTIO

Merchant ships in u

Modern ships are ad

Construction and operating ai

Ship sales and transfers 

Manning the ships and shipyar

Shoreside faci

Regulatory devel

International relationships 

SHIP OPERATION

General agency activitie

Charters 

Ship repair and maintenan

Trafficactivit ies 

Grain storage 

Ship custody 

Tanker services 

SHIPBUILDING 

New constructio

Material contro

Conversion

Building proosals 

Technical developmen

AID TO SHIPPIN

Construction differential subsid

Operating differential subsidy a

Construction reserve funds 

Federal ship mortgage aid 

Voluntary deposits and waiv

SHIPPING STUDIES AND REPORT

Ship cargo and labor dat

Special studies and periodic rep

Trade routes 

SHIP SALES AND TRANSFER

Shipsales 

Investigation of ship purchase

Transfers to foreign ownership 

Mortgages and charters to alie

Surrender of marine docum

LABOR RELATION

Seamen 

Shipyard 

Longshoremen 

MARITIME TRAINING 

Cadet midshipmen 

United States Maritime Servi
MARITIME TRAINING Continue

Medical program 

Seamen awards and serv

PROPERTY AND SUPPL

Shi 

Terminals 

Field warehou

Port developmen

Inventories 

Material control and disp

Industrial mobilization plan

Purchasing 

Domestic freight traffic 

Other property 

ADMINISTRATIVE MANAGEMENT 

Personnel 

Safety 

Budget 

Organization and methods 

FINANCE 

Internal audits and procedu

Accounting 

Auditing 

Insuranc

Financial stateme

Reserve funds of subsidized 

Claims 

LEGAL ACTIVITIES 

Legislation 

Contracts 

Admiralty insurance and la

Claims and renegotia

General litigation 

REGULATORY ACTIVITI

Conference and other agree

Freight rates foreign 

Freight rates United State

Termina

Freight forwarde

PROCEEDINGS BFiFORE HEARING 

Final decisions of theB

Recommended decisions of h

Pending proceedin

INTERNATIONAL MARITIME AFF

Fina

EXHIBITS

1 Balance SheetJune 30 

2 Statement

19

of Operations 

3 Statement of Equity of 

Years Ended June 30 

4 Statement of Sources and 

June 30 195

Summary of Changes in 

V1
NOTES TO FINANCIAL STATEMENTSJ

SCHEDULES

1 Land and Site Developmen

30 1953 

2 Statement of Operations of 

Years Ended June 30 1953 

3 Statement of Operations of 

Inception to June 30 195

Ap

A Deliveries of New Merchant Ship

B Ships of 1000 Gross Tons and O

yards July 1 1952 to June 30 

C Progress of Construction on Sh

Contracts on June 30 1953 

D New Ship Construction on June 

E Status of Operating Subsidy Agre

F Employment of United StatesF

1953 

G Merchant Fleets of the World as 

H Ships Approved for Transfer to 

Flag Fiscal Year 1953 

I Cash and United States Govern

tory Capital and Special Rese

at June 30 1953 

J Claims on Hand June 30 195

Claims Settled under the Suits 

FISCAL YE

Intr

Faced with a great increase 

construction program at a hig

merchant marine was presente

The United States merchant m

transportation services necess

mobilization and stockpiling 

programs for free nations abro

made substantial inroads int

Many United Statesflag oper

acquiring sufficient cargoes an

idle status or laid up because o

Merchant ships in use

Utilization of Government

purposes to supplement the priv

National Shipping Authority s

owned ships however were u

private merchant marine not t

shipping requirements decline

became available Government

status In the fiscal year a 

Government owned ships was 

The number of ships operate

during the year declined from 

November 30 1952 and then i

These ships were all assigned f

charter continued to decrease 

later as privately owned ships 

declined

By June 30 1953 57 ships f

the Department of Agriculture 

addition 68 ships making a t

for this purpose

Ships in the reserve fleets we

techniques to keep them ready 

preservation by the cathodic 

the 366 ships in the James R

way at the Hudson River and 

278891542
Modern ships are add

During the fiscal year 

deliveries commenced from 

ships of the Mariner type 

highspeed tankers for priva

By the end of the year te

delivered The delivered s

United States under gener

designed to serve under cond

assurance of safety They 

and technological improvem

ships in the present merch

East Line Inc operating 

three of the fast Mariner sh

particular the most service economical to ef

The last two of three co

delivered to the Military Se

Construction and ope

Important items of unfini

the contract prices under 

passenger ships S S United 

pendence With respect to 

was of the opinion that the c

which could recover at least 

of the Comptroller General 

were withheld and the Unite

of that amount

After further hearings the 

Constitution were revised t

construction differential sub

exception to the redetermine

Various proposals were s

fulfillment of replacement ob

None of these was consu

contract authority or the ne

near the close of the last s

insurance on private shipb

private financing Effective 

were given operating subsi

operators to 15 The new

Pacific trade and serve to m

there As the year closed ap

from 5 operators 2 of them n

2
The computations and appro

ment of operating differential 

calendar year 1950 and nearly 

on subsistence maintenance an

and expendable equipment we

exceptions and were well advan

During the year balances in c

of unsubsidized operators drop

for change was payments under 

contracts

Ship sales and transfers

During the fiscal year 12 sh

operation under the authority 

and 1936 and the Federal Prop

1949 This brought to 1081 t

and over which were sold unde

World War II The total m

1081 ships exceeded 5600

from the Government fleets ex

There was relatively little a

ships to foreign registry transf

gross tons and over barely h

Approvals were granted to do

tankers for foreign corporation

Manning the ships and 

Employment in private ship

trend is expected to continue i

oceangoing ship construction 

vately owned ships was relativ

dropped with the withdraw

service

During the year 353 cadet m

4year course of instruction a

Academy The Tenth Congr

annual inspection of the Acad

a favorable report The fo

280 officers

The United States Maritime 

and specialist courses at Shee

The Sheepshead Bay station 

handling the high speed mac

of Great Lakes shipping firm

engine to modern turbine d

Great Lakes officers and crew 
Shoreside facilities

Within years new piers w

modernize the Hoboken N 

terminal to the city of Hob

Port of New York Authorit

Warehouse inventories inc

the stripping of marine equi

dred ships returned to reser

Nearly half a million dolla

Governmentowned shipyar

hundred thousand dollars we

tools and equipment

Regulatory developme

Increasing competition for 

wars in various areas Vario

authority to institute dual ra

ruling of the Board permitt

court

An important decision was 

Appeals holding that railroad

to the provisions of the Sh

rates were largely confined 

increased operating costs larg

International relations

The Maritime Administrat

State in training programs a

and port development progr

Maritime Administration also 

of State to induce removal of 

shipping The responsibility 

into any allied shipping auth

marily within the Departm

continued its representation o

of the North Atlantic Treaty 

Ship 

The National Shipping Au

1953 continued to fulfill its 

need for utilization of the nas

emergency by utilizing th

merchant fleet and admin

4
number and type of privately 

mentowned ships through gen

ators and b administering lo

which the Government has an 

General agency activities

In the general agency progra

1 Successful conclusion of a 

involved a determination of 

availability of private ships 

removed from general agency o

matters and problems and other

and d deactivation repair an

2 Administration of a sizea

general agents for the operation 

141 ships at the end of the year 

agency activity is reflected by 

Yewar and month ending Ships 

1952June 30 

July 31 1

Aug 31 1

Sept 30 1

Oct 31 1

Nov 30 1

Dec 31 1

The administration of genera

1 Fixing amounts of compe

services rendered in liquidating 

owned ships

2 Establishment of procedur

ment of disputed expense items

3 Successful negotiation wit

the purpose of fixing fees for se

that area

4 A plan for holding ships at 

assignment of cargoes by the M

5 Continuous evaluation of t

the Military Sea Transportation 

6 Constant evaluation of the 

of general agents and institution 

economy of operation of Govern

7 A safety program contain

which had proved successful in s

companies

8 Ship repair and maintenanc
Charters

Whereas there was a dim

also was there a declinin

chartered ships brought a

privately owned ships ava

Accordingly while there 

June 30 1952 this number 

annual totals by types of s

Merchant Ships Sales Act 199

Offshore trades including 

Coastwise and intercoastal 

Merchant Marine Act 1936 O

Public Lana 101 77th Cong G

Philippine Rehabilitation Act 

Total

Included in the ships 

chartered to the Military 

assigned to the FISTS prog

In accordance with Pu

annual review was made 

of Government owned wa

the Aferchant Ship Sales 

after public hearings that 

the charters of five Liberty 

ships illoffshore trades an

coastwise trades

Ship repair and main

Thirty Victory ships we

tion under general agency 

these ships and all repairs 

of reactivation repairs to 

Repair inspections as requ

to ascertain repairs neces

900 repair specifications we

year 75 general agency sh

repairs as were necessary 

to layup Surveys were 

rdcts requiring correctio

need arise for subsequen

deactivate the 75 ships am

Condition surveys and 20

all of the 255 ships partici

program Summaries sub

dollars of repair wort wer

only 27 million dollars was 

6
Surveys conducted on ship

totaled 737 Inspections were 

Traffic activities

Attention was devoted to 

movements financed by our 

Mutual Security Agency who

for 50 percent participation G

imports commodities for the n

United Statesflag preference 

Agriculture and others

In compliance with Public R

the ExportImport Bank requir

in United States ships unless 

mends waivers permitting parti

proposals of borrowing interest

tigated as to the availability o

result that a number of waive

substantial movements of cargo 

flag lines A number of genera

ships of recipient nations to sha

the carriage of goods financed 

concessions were considered in 

our own ships in the applicant 

To assist in the selection o

and rehabilitation movements 

tained the registration of forw

section 217 Merchant Marine 

the year 10 applications of fo

were approved 11 firms were 

number of branch houses were 

were on the list in addition to 

Renewed complaints were re

that the Department of Defens

when doing its own forwarding 

military cargo and civilian supp

The Department of Defense h

under General Order 70 in tho

forwarders are required The M

authority to intervene in decis

to the forwarding services nec

security or efficiency but con

other Government agencies 

registered private forwarders
Grain storage

The 1953 grain storage 

50 ships of the Liberty carg

March 11 1953 These sh

River reserve fleet for loadi

the fleet The first of the 

14 1953 On May 25 195

expansion of the program b

ing in the Hudson River re

by 50 ships from the Jame

57 ships had been withdraw

bushels of grain

Ship custody

At the close of the fiscal 

fleets During the year 1

into the fleets for a net in

ships temporarily withdraw

and reentry of ships for g

engaged in economic and m

tabulation of ships in the fle

Administrative and supp

and materials security pat

the important fleet activitie

program The security p

Special Police under a de

tor General Services Adm

as funds permitted to insure 

damage effectively

The basic layup and pre

of ships in the reserve fleet

greater part of the manpol

returned to the fleets from 

emergency Only 28 perc

Reserve fleet

July 31 Aug 311 

Astoria Orel

Beaumont TU

Hudson River N T

James Rrvcr Va

Mobflc Ala

Olympia Wash

Swsmt Be CaliL

Wilmmglon N C 361 213 3362 187334 372 293 3372 195883 

Total 1906 1935 

9

Administrative and supp

and materials security pat

the important fleet activitie

program The security p

Special Police under a de

tor General Services Adm

as funds permitted to insure 

damage effectively

The basic layup and pre

of ships in the reserve fleet

greater part of the manpol

returned to the fleets from 

emergency Only 28 perc
preservation work was comple

manpower on the more critica

Design installation studies we

ships in east coast reserve fleet

taken By June 30 1953 the 

under full protection and the p

8 percent complete and at W

estimated that all ships in the 

within a few months

Tanker services

Tanker services included pr

participation in defense tanker 

tion of the voluntary tanker 

the voluntary tanker plan the 

100 percent continued to mee

Transportation Service for ton

During the year 296 voyage

deadweight tondays of service

Sh

New construction

At the beginning of fiscal yea

under Maritime Administratio

the Military Sea Transportatio

U S N S Geiger which was de

USNS Upshur delivered o

surveys were conducted on thes

previously delivered

The remaining 35 ships und

authorized by special legislatio

of 7 shipyards By the end o

undertaken successful trials an

Old Dominion Mariner Oct 8 

Keystone Mariner Oct 15 

Old Colony Mariner Oct 28 

Tar Heel Mariner 1ov 11 

Free State Mariner Dec 18 

Twentyone more Mariners ar

1954 and the remaining four 

been operating under general 

and were reported to be exce

cargo handling efficiencies U

278691543 
speed of almost 22 knots S

found in appendixes A B C 

Section 505 b of the M

states that profit limitation s

for scientific equipment used 

to contracts under which th

defense features No contra

category during fiscal year 1

Material control

Under the controlled mate

zation the Maritime Admin

all seagoing merchant ship 

steel strike of the preceding f

als were gradually increased 

since merchant shipbuilding 

impossible to meet fully the 

During the year there were 

tax amortization as authoriz

ing the building or conversio

recommended to the Office o

seven for denial Two app

guaranteed loans under the 

recommended for denial wh

Defense Mobilization and th

In coordination with th

Mobilization and other claim

merchant ship construction 

tional requirements were dev

major components to suppo

Conversions

Pursuant to contracts pre

New York plans and spec

conversion of the partially co

S S United States to troop t

the design contract for the M

building Division Quincy M

tions for the future conve

attack cargo ships and AP

time Administration was ac

these projects for Navy acc

Under the provisions of Pu

ships were sold to the Wisco

sion The conversion of on

second bulk carrier is sched

10
1954 and the third ship to 

freight carrier is tentatively 

mately 1 year

Building proposals

Under the Economy Act o

requested the Maritime Admin

account two refrigerated store

mercial ships with special Na

were opened on April 20 195

Pascagoula Miss the low bidd

to the low bid and before clea

Accounting Office exceptions 

At the close of the fiscal year n

Preliminary plans and spec

McCormack Lines Inc for co

cargo ships to replace 3 Gover

them Technical investigation 

satisfactory for the intended 

possibility of adapting Mariner 

President Lines Ltd Oceanic S

Lines Inc

The Pacific Far East Line I

of three Mariners with extens

last three ships to be delivered 

Corp were selected as most 

American President Lines Ltd 

final agreement with Pacific Fa

Technical developments

The Maritime Administratio

inter departmental Ship Struc

failures of ships During fisc

practicable method of obtainin

resistance to cracking Studi

technical groups on seaworthin

testing machinery and ship 

standards in ship construction 

Coordination was continued w

the American Bureau of Ship

marine design practices

Basic design studies were co

of mobilization which were for

construction of the S S Schu

suitable for competitive comm

developments in cargo handlin
tinning on methods of im

lessening of ship turn aroun

tration sponsored two resea

to cargo handling one a co

Los Angeles and the secon

handling improvement prog

Department of Defense prog

Inspections were conducte

equipment furniture mate

reserve fleets ship operat

Such items totaled in excess 

gallons of paint Experime

and at tide level to evaluate 

Aid 

Constructiodifferentia

In accordance with the 

Expenditures in the Execut

tives a redetermination had 

S S United States as set by 

mission The basic calculati

delivered to United States Li

legality of the sales contrac

Attorney General who advis

Government selection and 

matter was resolved in co

Comptroller General was hol

Lines

8

Co covering opera

000 A suit in the Un

the United States Lines Co 

suit may involve determinati

Recalculation of the cons

allowances applicable to Ame

ence and S S Constitution ha

and the base foreign cost af

had been determined to be 20 

cost 23733 000or 17300

Inc however had requested 

available in Holland and the 

ferences held in Holland and 

tional evidence submitted 

availability of a currency d

foreign cost was revised to 3

structiondifferential of 4584 

12
changes and escalation of 1

07

14436 95for the S S Const

exception to these revised dete

further payments of operating 

ceptions were resolved At th

still in effect

Of the 20 ships on which red

tial subsidy allowances on be

rates on the 6 ships reconstruc

Moore McCormack Lines wer

Board and a report and recom

Co s 10 ships had been finaliz

Board suspended action on rec

ships reconstructed for Americ

the Court of Claims on the val

States Lines case In additio

structiondifferential subsidies 

the Mariner ships were before 

Sources and collection of fore

strengthened and considerable 

foreign cost information in co

chant Marine Act

With respect to the contrac

Lines Ltd to acquire replace

the company was requested a

application for construction a

passengerfreight service Ame

chase the S S President Clevela

ships now operating in that s

under existing legislation On 

the Secretary of Commerce a 

proposed legislation Moore 

tion for aid in construction o

passenger capacity each to re

and S S Uruguay which c

Grace Line Inc in February 1

construction of two combinati

quested that no action be tak

subsidy on the route was acted 

of operating subsidy to Grac

company submitted prelimina

proposed new ships and the ap

the Mississippi Shipping Co 

tiondifferential subsidy aid fo

cargo ship which was process

Maritime Commission but the 
tion as to the existence of fo

determined that substantia

company submitted data an

for the service which were 

Mail Steamship Co was in

similar to the ClB type th

fiscal year the Maritime Ad

of whether combination sh

The obligation of The Ocea

for its subsidized service c

whether passenger or comb

progress was made on this st

Lines Inc a new operator s

a Victorytype ship was sat

Moore McCormack Lines In

ligation of Pacific Far East L

during fiscal year 1953 to r

were nearly completed

An application of America

tiondifferential subsidy aid 

to ore carriers was approved 

tiondifferential subsidy rat

absence of the necessary app

to pay a construction subsidy 

to Japanese shipyards The 

tion for construction differe

construction of 6 new 2950 

the close of the year addit

applicant Two applicants 

building of one tanker eac

Stockard Steamship Corp 

could not be given unless th

struction of faster ships N

tions were dismissed without 

if willing to meet the require

Operating differential 

Operating subsidy contrac

East Line and Pacific Trans

effective January 1 1953 

operating differential subsidy 

by the Board and that servic

sidy contract In accordanc

the Board found it to be in th

to grant operating differentia

Argentina S S Brazil an

14
McCormack Lines Inc on T

Paula and S S Santa Rosa o

Route No 4 each over 20 yea

McCormack Lines ships the B

mitted to replace the ships up

reason to disturb the findings 

that there was substantial for

subsidy was necessary to meet 

Grace Line ships the Board 

required to meet foreignflag c

States foreign commerce and 

aid in construction of replacem

On June 30 1953 applica

contracts were pending from t

1 Gulf South American 

Line Inc and Lykes Bros St

and recommendation was subm

mented in April 1953

2 United States Lines Co 

type requirements for Trade R

3 American President Line

held to be resumed in August 

Applications for operating s

new operators

1 Bloomfield Steamship C

the Board determined that S

operatingdifferential subsidy

2 South Atlantic Steamshi

was authorized concerning wa

deferred until the recommend

has been submitted to the B

pany has furnished additional 

In addition there were pen

Lines Inc Lykes Bros Steam

increases in the number of sub

22 and 25 respectively Lim

on voyages eligible for subsidy 

of all of the foregoing applica

1954

By June 30 1953 the Boar

applicable to 1947 through 1

ships of all operators under s

or had before it final wage r

Board also had taken action o

on subsistence for all operat

repairs for five operators th

through 1950 and on voyage 
ment for all operators exce

proved methods and assignm

increased number of perm

Wages 111 subsistence 159 

supplies and equipment 79 

United States Foreign Servic

collection of foreign operatin

surveys of operations of subs

beneficial in establishing the 

as well as nonsubsidized cost

On June 30 1953 a total o

ments after recapture requir

operators who held contracts 

represented payment on acco

or commencement of subsidize

in the case of 11 operators a

ators A summary of operat

E The amount of recapture 

from that shown in appendix 

Construction reserve fu

On June 30 1953 balances 

unsubsidized ship owners or 

with 11936 000on June 30 

Ten new funds were authorize

to determination of eligibility 

two tentative deposits was 

applicable tax

Deposits in the funds amo

totaled 18970 00 Of the 

8

to the United States unde

768 000 were disbursed to 

four large tankers Withdra

were on notice to the Comm

ment of the applicable tax

Federal ship mortgage 

No additional contingent 

insurance in aid of ship cons

of three tuna clippers unde

amount of 250 00 each w

negotiated with the insured m

time Administration were en

standing Within the year 

senting the contingent liabili

370 833 In the same perio

16
of 3893 increased the Fed

25908

Voluntary deposits and 

In order to aid subsidized o

for new construction the Ma

tary deposits by American M

Bros Steamship Co Mississ

mack Lines Inc The Oce

Brazil Line Inc and Seas S

waivers of American Expor

Mississippi Shipping Co In

PacificArgentine Brazil Line 

husbanding agent in Puerto 

nated Recommendations w

Grace Line Inc Lykes Bro

Line Ltd and Mississippi S

Shipping S

Ship cargo and labor 

Additional progress was m

in collecting and processing 

of ships of all flags in the f

May 30 1953 some 32000 

processed Delinquency in 

better quality of reporting 

United States and foreignfl

the 41 subsidized services d

Also considerable data cov

developed and furnished to 

tration Federal Maritime 

congressional committees

Special studies and pe

Altogether more than 80 

prepared on shipping and 

pendixes F and G The m

American Merchant Marine 

Merchant Fleets of the World 

Maritime Labor Directory

Shipyard Employment 1940

Seafaring Wages 191852

Seafaring Employment 1923

Strikes in the Water Transpo

Report and analysis of oc

seaports

2786915
Of the periodic reports the 

United States Flag Dry Cargo 

Number of Ships Withdrawn 

Fleet Monthly

Status of American Merchant 

Analyses tables and cha

included

Former United States Flag Me

Reported To Be Trading Wit

July 1 1950 to December 3

Some 30odd tables charts a

before the Subcommittee of th

Commerce in regard to vario

chant marine In addition ta

derived from Maritime Adm

Chairman Special Subcomm

mented the presentation of c

be essential that the necessary 

Trade routes

Comprehensive reviews were 

routes and detailed work was 

2 12 14 15A 1511 20 22 

Introduction to Reviews of Ess

Routes outlining the legislativ

scope of the trade route rev

nection with each individual 

through the Superintendent of 

More than 5200 tentative 

ships operated by subsidized lin

analysis and recommendation

requested in connection with s

Reports surveying the exte

tered by each subsidized ser

completed as were similar repo

for calendar year 1950 and p

traffic studies were made on a 

construction and operating sub

Ship Sales 

Ship sales

Of the 1956 ships which wer

Act of 1946 as amended all 

Processed However the rece

18
Line case will require adjustme

all ships sold on which the Ma

ances for conversion and class 

formance of these obligations h

Eleven ships were sold dur

Merchant Marine Acts of 1920 

the Federal Property and A

Eleven of these ships were sold 

The monetary return for these 

to 1081 the number of ships o

sold subsequent to World Wa

Merchant Ship Sales Act of 

these sales was 5602 025 

tration had transferred 14 

without reimbursement and ha

Four ships were returned d

under the provisions of Public 

Investigation of ship pu

Three investigations were c

corporate purchasers of ships 

1946 as amended were qualif

of the corporate affiliations o

involved the investigation of 

ships It was determined tha

owning 10 ships should be cal

of Justice for possible civil an

A favorable decision was h

Court in connection with forf

by the Department of Justic

was appealed by the owners 

on similar premises against a 

16 such ships None of these 

Transfers to foreign ow

Appendix H lists applicatio

37 of the Shipping Act 1916 

transfers to foreign ownersh

United States citizens and ap

yards to build ships for fore

ferred 455 were ships of les

barges fishing ships and pl

were of 1000 gross tons and 

At the beginning of the fi

announced its policy in cons

9 and 37 of the Shipping Act 
of 1000 gross tons and ov

for such ships were grant

operation and control ove

availability to the United 

standard conditions were s

an agreement and bond we

the conditions imposed I

over the export of iron and 

ment of Commerce and the 

to deny applications for th

United States for scrappin

During the year 9 8 sh

under 1000 gross tons ap

United States privately own

were denied A number of 

Act 1916 as amended were 

subsequently mitigated by t

inal fine was imposed in lie

violations involved small pl

under 1000 gross tons

Certain United States sh

struct for foreign corporatio

weight tons each for foreig

were imposed in these cases 

Mortgages and charter

During this period appl

controlled United States cor

privately owned ships which 

and flag

The Maritime Administrat

of privately owned tankers 

States Approval was also g

period 6in excess of 1 year and 

Surrender of marine do

6

During the fiscal year 31

surrender of the marine docum

by preferred mortgages for t

home port ownership etc

Labo

Seamen

Seafaring employment on U

and over continued to decreas

20
of jobs available was 7000 B

tunities increased to 7200 F

may be attributed to the activa

ships to reserve fleets Emplo

mained relatively stable

Sporadic waterfront labor dis

greatest impact on the shipping 

Longshoremen sAssociation a

Wage increases and related cos

of labor disputes Wage incre

Wage Stabilization Board whi

action On February 6 1953 

10434 suspending wage and sala

from 5 to 15 percent were subs

tivebargaining agreements retr

ance with the provisions of eac

There is every indication th

considering closing their ran

Marine Firemen Oilers and W

endum which carried two to o

Seafarers International Union 

ters Mates and Pilots and the M

conducted a referendum which 

respective executive councils to 

a mutual assistance and coope

Shipyard workers

Employment in private shipy

somewhat to an estimated 1200

trend is expected to be greatl

private oceangoing ship cons

during calendar year 1955 wit

shipbuilding contracts

Relatively harmonious rela

prevailed in the shipbuilding 

vigorously recommended a lon

program The Pacific coast 

representatives of the major s

the A F of L Pacific Coast D

for a wage increase of 3 cents p

tion for health and welfare 

receiving 216 per hour Th

and Shipbuilding Workers of 

wage increase making the ho

shipyard mechanics 207 per 
Longshoremen

West coast longshore lab

tively conciliatory Scatte

union rivalry and intraunio

The Internationl Longshore 

renewed its collective barga

6 cents per hour wage increa

the basic hourly wage rate 

6hour workday

Contrasted with the relat

the turbulent status of east c

of a series of strikes and wild

New York harbor area ext

ports The Senate Subcom

and Foreign Commerce w

racketeering and port secur

in the longshore industry an

of the A F of L Internatio

cents per hour increase was o

hourly wage rate at 27 pe

Mari

Cadet midshipmen

During the fiscal year the

men including 38 Filipinos a

in the United States Merch

year 353 cadet midshipmen s

of instruction With the ex

American graduate all rec

officers licenses issued by t

mates or third assistant engin

the bachelor of science degree 

States Naval Reserve and th

The Tenth Congressional B

tion of the United States Me

on May 9 1953 The follow

designated to serve as memb

Andrew W Schoeppel Kansa

Representatives Frank J Be

York John J Allen Califor

Edward J Hart New Jers

Hampshire Chairman Senat

Commerce and Congressma

22
House Committee on Mercha

officio members The Board 

the Nation well and is an ess

In June 1953 the sixth me

was held at the Academy T

John Cranford Adams Hofs

Dean of Humanities and Soc

Technology Vice Adm Wilf

Superintendent United State

W Hill USN Rot forme

Academy Dean M A Maso

ington University Prof L B 

the Rice Institute and Ver

president Georgetown Unive

appraisal of each element of t

The State Maritime Acade

Hyannis Mass and the Ne

Schuyler N Y had an aver

in Federal pay status during 

whom were overquota and no

graduates also received Un

licenses as third mates and t

science degree and commissio

Reserve and the United Sta

shipmen of all four institutio

The cadet midshipmen of the 

on the training ship of the N

Maine Maritime Academs

declared obsolete and sold fo

United States Maritim

The United States Maritim

and specialist courses at She

The Sheepshead Bay station 

emphasis on training in the 

the Marinerclass freighters 

assigned to Mariner ships in 

ing that type of ship At the request of Great La

reciprocating engine drive t

officers and crewmen comple

nance of modern maritime 

Great Lakes off season in J

the Signal Corps United S

employees of that agency w

course at Sheepshead Bay a
The loran and radar operat

Calif issued 528 completion 

seamen including the men fro

and radar training were train

ice during the fiscal year N

licensed unskilled positions 

Petersburg Fla was continue

During the year there wa

United States Maritime Serv

which conducted corresponde

engine and basic radio subje

new correspondence courses o

in marine refrigeration and a

personnel of the merchant ma

additional correspondence cou

made available The institute 

merchant marine personnel

Medical program

The Maritime Administras

with the United States Public 

dental treatment for enrollees 

and cadet midshipmen of the 

Corps and emergency rooms 

maintained on enrollees cade

information therefrom was ma

shipping companies Federal a

authorization Of the reques

greater number than last year 

Government

Seamen awards and serv

During the fiscal year 5878 

made to merchant seamen a

Continuous Service were issue

tins and instructions on absent

marine and franked post card 

circulated to shipping commiss

agents maritime unions and s

Property 

Shipyards

The maintenance and securi

Governmentowned reserve sh

24
mond and Alameda Calif an

Carolina shipyard the lease of a

the North Carolina State Ports 

completed construction of a la

elevated tank Commercial ope

The lease of the fabrication bui

to the Babcock Wilcox Co f

tion of boilers and boiler comp

for maintenance of the building 

At the Richmond shipyard li

the housing of the Contra Cos

Sea Transportation Service shi

installation of a radio transmit

reimbursed for utilities used and 

buildings used by it Lease 

Industrial Co was terminated 

At the Alameda shipyard th

storage of equipment therefor 

Steamship Co which was trans

ownership of the S S Monter

ministration and the ship wa

fleet but equipment therefor 

Lease revenue during the year 

At the Vancouver shipyard t

tration for buildings and land w

the Air Forces covering the ma

35 buildings including most o

vehicles and other material 

reimbursed for utilities used a

and security of Maritime Adm

The redesign of the North C

building the T5 tanker C4 

was approximately 60 percent 

yard will be held for use in an

shipyard and for Governmen

which may be necessary in a f

Terminals

Governmentowned termina

Administration were devoted 

and export goods to the followi

was used exclusively by the A

used for movement of commer

terminal handled commercial 

Although the major portion o

partments of the Army and 

278691646
some movement of comme

terminal handled exclusive

the terminal was leased to t

subleasing to the Port of Ne

at a rental of 1 a year a

Port Authority Included 

tion of new piers within 8 

terminal

The Government earned 

719 000 from the commerc

revenue of approximately 

and improvement was cont

their readiness for future em

Field warehouses

The Maritime Administra

mentowned warehouses at H

Va New Orleans La and 

warehouse at Vancouver W

N C was used to store inac

storage of marine equipment 

tion construction repair an

In the latter part of the 

obtained a permit from the 

portion of the Navy sreserv

of materials to be removed f

the Hoboken Terminal prop

was leased The movement 

will be completed during fisc

house inventories of marine 

4272 000 to 47342 000 d

ment and supplies from seve

for Government account for 

Port development

In cooperation with the De

for Rivers and Harbors stud

Series volumes Port Series 

Longview and Vancouver W

Portland Oreg Port Series 

Harbor and Olympia Was

Seattle Wash The followin

No 1 The Ports of Northe

The Ports of Southern New E

An overall port inventory 

ued In fiscal year 1953 the 

26
for information on port capac

completed and data assembled 

accommodating ships with a d

States seaports Also continue

to determine the problems in k

Inventories

There were 237 inventories a

for consumable stores were proc

counts receivable and 2106 019 

of overages and shortages were 

as accounts receivable and 10861

certificates processed in connec

other inventories totaled 180

Material control and dis

At the beginning of the year 

for determination as to disposi

reported from offsite location

2631755to be identified se

retention or disposal Of this 

the period

Property with a reported cost 

Administration with a recovery 

at8100 was declared to 

property valued at2007 13 

agencies property valued at4

institutions and public bodies 

abandoned or destroyed

Twelve sunken hullos were o

10722 to the Government bi

During the year it was poss

allocate controlled materials a

mercial shipyard facilities con

Industrial mobilization 

Procurement planning contin

with the similar activities of the 

inter agency studies headed b

Authority were initiated to d

tional manufacturing facilities 

mobilization These studies w

industries Studies were initi

would be required to meet the 

gated under authoity of the O
Purchasing

Allowance list outfitting 

constructed Mariner ships 

ment and material require

ships at the Hudson River r

Wilmington reserve fleet 

supplies equipment and 

nance and operation of the 

and training stations and 

this procurement 11579 p

issued

Domestic freight traff

Transportation vouchers 

recovery of 1054 was m

Special rate agreements w

reductions in published rate

costs

Other property

Permits were continued m 

temporary use of various ma

national shortage of vital ma

the Maritime Administratio

equipment available to the N

ment principally to prime 

rental contracts were dra

involving approximately 100

annual rental revenue of s

Government

Administ

Personnel

When the former Chairma

Administrator E L Cochr

Member A W Gatov was de

June 30 1953 Louis S R

Board and designated Chair

the term expiring June 30 1

was appointed Member for 4 

Although there was a slig

personnel the trend throug

tinued in the direction of 

28
There was a net decrease in t

percent as indicated by the fol

Fiscal years ending Adminis trative

Nf

Time 30 1952

June 30 1953

Change

2032 1656 

376 

Safety

Safety activities followed m

with greater emphasis on su

former was accomplished by 

program to include sessions on 

in standup type meetings at 

quarterly film showings Saf

included the development an

analysis of accident experience 

The incidence of disabling 

those employed on shipboard 

hours worked This compar

previous year

Budget

Arrangements were complet

tion and execution Effective 

development of annual work 

plans to each official having 

periodic program and fund re

Organization and meth

Substantial progress was m

required to be prepared in the 

of unnecessary and duplicate 

the scope frequency and dist

of 58 field office reports w

required which could be app

By the end of the year arra

tion of all orders of the form

pertaining to internal manag

on internal management of 

reviewed and revised and a c
Internal audits and pr

The internal audits and 

surveys and evaluations req

of financial procedures for 

special financial assignmen

audits program for Washing

New York and San Francis

various field operations relat

Considerable progress wa

Comptroller sManual of 

activity in certain areas in

quirements however made 

and take advantage of more 

financial information Thes

1953 with the result that the 

were withheld pending the d

and effect of the revisions

Accounting

On June 30 1953 regular 

currently No accounting ba

the liquidation of a few rem

Shipping Administration agre

Continued attention was g

and financial reporting Un

commercial type financial sta

quarterly basis balance shee

ments of equity for the Mari

the National Shipping Autho

monthly statements of the sh

ment of sources and applicatio

As of June 30 1953 the ac

tration agents had been closed 

Office completed All matter

of the agents Of the remai

analysis and 22 required adm

to 1 trading outside warra

amounts should be collected fr

which should involve recoverie

other claims and counterclaim

work resulting from redelive

Authority agents was being 

completed within 12 months af

30
Auditing

The principal normal audi

differential subsidy agreement

struction contracts and genera

tion contracts and general agen

current basis With respect to 

audit work have resulted from 

most recent reductions have de

the current status will be attaine

to produce more selective audit 

During the fiscal year unac

431 to 328 notwithstanding add

283 The unaccomplished aud

various stages of completion an

52 could not be undertaken b

been submitted by the opera

based upon audit determinatio

for the year

Insurance

On June 30 1953 there rem

of the war risk insurance prog

Marine Act 1936 as amend

involving war risk cargo ins

mentation of the war risk insu

on September 16 1952 of Ge

the Maritime Administration 

ance to the shipping industry 

second seamen insurance 

issuance of war risk interim bin

upon the automatic expiratio

effect

Supplement No 1 to Genera

announced that warrisk insu

shipyards in the United Stat

this insurance coverage were 

new ship construction contrac

ment On June 27 1953 an 

vided that interim binders w

upon payment of binder fees 

coverage under this insuranc

insurance

621 war risk

binders

protection

Binder

and

fe

agency fees totaling 33786 

expenses totaling 600 had be
A contract to furnish ins

risks was awarded as a re

Automobile and Casualty In

ships allocated to National 

the Military Sea Transporta

for this commercial insuran

the previous year

There were recovered fro

visions of wartime agreeme

1953 under these agreem

underwriters held 764712 

Under its selfinsurance pr

tinued to assume hull and wa

insurance on its Governme

insurance on the Mariner 

Mariners were substantially 

been The Maritime Adm

ualty insurance required und

the Army and a transportat

tained in the domestic mar

reimburse the Maritime Adm

date no losses have been rep

In accordance with its in

Maritime Administration a

thereof obtained in comme

and subsidized operators in 

Kind of iusuraneo 

Marine hull 

Marine protection and indemni

War risk hull 

War risk protection and indemnit

Financial statements

Financial statements receiv

gages on warbuilt ships pr

charter ships 3 act as sur

Administration 4 act as ge

National Shipping Authority 

as prime shipbuilding contra

be guaranteed under titleXI 

were analyzed to determine t

Reserve funds of subsid

At the beginning of fiscal 

on deposit in their capital r

82
special reserve funds 5109

90 

balances on deposit were 954

as shown in appendix I Ne

of 246 16 were made up o

c of the Merchant Marine 

vious withdrawals of 2281

operating differential subsidy 

Claims

Further reductions were m

marily from the wartime act

time Commission and the 

inventory of unlitigated clai

June 30 1952 consisted of 

44508 966 By June 30 1

received was reduced to 139

tion there were 160 claims 

been transferred to the Dep

covery on claims in favor of 

and claims against the Unite

327 percent of the claimed v

hand June 30 1953 and clai

Act

The number of ships for w

justment of prior sales to ci

Ship Sales Act of 1946 was 20

13 ships were subsequently w

191 ships As of June 30 1

all 191 of which 12 approval

Leg

Legislation

The Eightysecond Congre

ping bill Public Law 586 to m

ment problems of the merc

with respect to tax benefits 

directed a further study of 

1953 the President transm

Department of Commerce an

Two legislative measures su

were designed to improve pri

with new ship construction an

tankers by turning in wasbu
to construction of additiona

measure was enacted and ame

of the 1936 act to make more 

preferred ship mortgages and 

financial institutions The s

was pending after approval 

Fisheries Committee on the H

A bill designed to provide s

ping Authority operating p

similar to those available to 

unemployment distress resu

operating program was enact

Rehabilitation Act charters o

another year and the waiver 

ships to operate in Alaska trad

Of concern also were the Mu

Wheat Act the Surplus Agricu

Security Appropriation Act 

participation provision was e

principle was established thro

sions of legislative desire

Of general maritime interes

tion Act of 1949 the Defense 

included voluntary tanker p

the First War Powers Act Em

extension of the Export Con

Production Act amendments 

and Foreign Commerce appr

cised by the Secretary of Co

munist destinations

The Department of Comme

Law 44 Seventy eighth Cong

ships Great Lakes ships and 

continuance in national emer

enth Congress relating to acq

or the use of domestic or fo

These measures were pending 

the first session of the Eight

included proposed repeal of 

chant Ship Sales Act of 1946 

coastwise service and sale 

Island citizens No final act

statehood bills which conce

subsidy functions of the Fe

Administration

34
Contracts

Pursuant to action of the 

differential subsidy contracts w

Inc and Pacific Transport L

American President Lines Lt

action in approving the granti

Approximately 14 cases of 

Shipping Act 1916 as ame

remitted or mitigated Con

effecting the transfer to forei

ships in connection with the 

new and larger tankers of high 

Legal consideration was giv

struction in the issuance of 

agency agreements insurance 

warrisk insurance under the p

Act 1936 as amended Spec

for selling and chartering Mar

Admiralty insurance a

Substantial progress was m

Shipping Administration adm

and insurance claims arising 

operations however more tha

a result of the stepup in gene

Korean emergency

Several Supreme Court dec

La Rama Steamship Corp v U

ing the Court of Appeals for th

court had jurisdiction of a su

constructive total loss of a Wa

the expiration of the wartime 

hostilities which provided th

district court In Colmar Ste

Supreme Court interpreted th

Lloyd sform of policy and h

defense of voyage deviation

Aaron et al v Bay Ridge 

Stevedoring Co the overtime

by the Court of Appeals for the 

the district court sdecision in f

ment but also went somewhat 

on fringe overtime claims T

working arrangement with th

connection with its jurisdict

representation and unfair lab
Claims and renegotiati

The more important legal 

the Government to recover th

ing and the cost of repairs u

Administration time charter 

attacked on the ground of v

Ship Sales Act of 1946 In 

States the Office of Contract 

tration dismissed a claim und

Act on the ground inter alia 

not shown to be in aid of p

There were still pending 

excess profits amounting to 

Tax Court on appeal of co

Adjustment Board and Cont

The Government is awaiting 

for the District of Columbia 

of the tax court in California 

States Maritime Commission 

Sea Charter in that case w

with an American citizen

General litigation

The Government gained a 

The Tanker Meacham in w

District of Virginia sustaine

a T2 tanker for violation o

Shipping Act 1916 and rel

appeal to the Court of Appe

The Court of Claims decid

Steamship Corp v United S

a bareboat charter of the S 

ernment had refused to resto

commencement of the charte

cases A H Bull Compan

Inc v United States and S

States resulted in rulings a

recommendations of this age

States decided against appea

of Claims decisions

In the settlement of the 

troversy was sold pursuant 

at a price of approximately 

realized somewhat more th

controversy was also closed 

that of the Dollar Line lit

36
American President Lines Lt

of some 13061 shares of class 

lines of which the plaintiff c

was involved in the original ad

States Maritime Commission 

contended as did the Dollar i

never sold The suit was se

imately 400 0 of which th

Perhaps the most importa

close of this period was Un

which was brought in the Co

construction differential subs

States Maritime Commission 

States which the Comptrolle

The Board s order in Jap

Docket No 730 denying th

the Department of Justice fo

the conference was subject 

appeal of Isbrandtsen Co T

against initiation of the rates

After the Board approved 

Line and Pacific Transport 

brought suit in district cour

judgment upholding the Bos 

by American President Line

Among the cases subject to 

was Pennsylvania Motor T

Piers Inc et al involving 

terminal operators and their 

Regula

The return to a situation w

cargo offerings intensified th

and was the cause of sharp 

carriers were reported to ha

other actions violative of the 

light where shippers misdesc

without knowledge of the car

the truth of these reports an

offenders as evidence develo

Carriers and shippers conti

to promote stability of rate

with increased carrier comp

rates the carriers were neve
reductions in operating cost

reductions This increased t

who elected to operate outsi

ference rates As a result ra

trades or had come to pass

The conferences generally 

protection Attacks had be

the Board and the courts T

was not unlawful per se it 

conditions which violate the 

over the contract system the 

the filing of information by 

rates with advance notice o

not in use While issuance 

conferences using the system 

There was a growing tenden

offshore trades to consult gov

submitting their increases 

and in many instances adjust

smoothing the regulatory pa

quently follow upward rate a

continued in the domestic of

tariff structures and otherwis

The Board sdecision in Doc

of brokerage and its denial 

which if adopted would have 

much to clarify the brokerag

carriers and freight forwarde

resolved

Conference and other a

During the fiscal year th

modifications and 13 cancell

berships and 3029 minutes o

Among those approved were 

covering the trades between 

Vest Coast of India and Paki

to Atlantic and Gulf ports S

outports rates on olives from 

and a joint rate agreement 

Pacific Westbound Conference 

tic and Gulf ports and Pacific 

The Japan Atlantic and Gu

announcing its intention to e

Board after considering the 

that a hearing be held but d

38
system pending hearing O

Court of Appeals issued an 

ference from initiating the co

A number of conferences fo

to take independent action w

ties or certain commodities 

quoted by nonconference lin

Freight ratesforeign

A total of 19265 rate fili

the foreign trade of the Unite

year

Freight rate filings were ex

tions and classifications wh

and for potentially discrim

unlawful tariff practices S

this agency for assistance in 

to have been improperly asse

Freight rates United S

During the fiscal year 527 

new carriers filed freight ta

delivery service in the Alaska

General increases in rates o

carriers in Hawaiian trades 

approximately 15 percent be

ports and approximately 25 

creased operating costs larg

reasons

One carrier discontinued 

ports and the Virgin Islands a

Puerto Rico and the Virgin I

Bull Insular Line withdrew 

operated between New Yor

passenger accommodations o

Two carriers in the Alaska

the joint tariff of the Alaska 

between Seattle and Tacoma 

as Fairbanks In lieu ther

proportional rates on throug

stations beyond Seward on th

highways and beyond Valdez 

carriers

Terminals

A total of 1464 tariff sch

compliance with formal ruling
ping laws Wherever discrep

were undertaken and a larg

effected Eleven informal c

demurrage and terminal char

Of special interest was the 

Court of Appeals for the Thi

and Ohio Railroad Company et 

that railroads operating term

rier by water are an other p

1916 and are subject to its p

Freight forwarders

Certificates of registration w

ing a total of 1636 certificates 

tory under General Order 7

canceled By the end of th

warders had submitted samp

review for compliance with G

complaints relative to ocean fr

list of all ocean freight forw

Orders 70 and 72 was publis

General Order 70 in support 

in Government financed cargo

Proceedings Be

At the beginning of the fisc

tions were pending including 

ceedings During fiscal year 

miscellaneous proceedings inv

of Governmentowned ships w

ceived Examiners conducte

mended decisions The Fede

in 13 cases and issued 21 fina

the Board in 6 cases without h

pending in various stages on 

revision of the Board sRules 

peared in the Federal Registe

July 31 1953

Final decisions of the B

Docket No 706The Port of Ne

at al Rates on wood pulp from S

Gefle district to United States No

dicial and unjustly discriminatory 

of sections 16 and 17 respectively 

section 205 of the Merchant Marin

40
Docket No 717Philip R Conso

a common carrier of bananas from 

its method of contracting all of its r

clusion of complainant found to be u

14 and 16 of the Shipping Act 1916

Docket No 718The Joint Com

tion et al v Pacific Westbound Con

Customs and Freight Brokers Assoc

Provisions limiting the payment of 

1a percent of ocean freight charges 

heavy lift and long length charges fo

order of the United States Maritime 

and Practices Pertaining to Brokerag

Docket No 722Inthe Matter of 

pany between Points on the Ifuskokwi

portation of freight between Ship s 

Proposed rates for the transportat

Akiak Alaska and between Bethel 

Docket No 724Contrad RatesN

et al The Board has authority to d

Conference to hold in abeyance its p

gation by the Board under section 22 

differential in rates of the proposed s

conference to put its dualrate system 

gation would result in detriment to 

rable injury to the conference would 

dualrate system in abeyance

Docket No 729 American Haw

tinental Marine Lines Inc Respo

be eligible for conference membersh

respondent

Docket No 518 Sub No 1

for Written Permission under Sectio

to Continue to Engage in Domestic Ser

Islands Temporary permission gr

continue as a subsidized operator on 

Hawaiian service and permission gra

to own a stock interest in Matson 

Docket No 523Lykes Bros S

in Maximum Number of Subsidized 

Trade Route No 22 Unsubsidized o

on its Line D Lykes Orient Line 

extent an existing service In vie

since the close of the hearing before 

the issues of the case that is now ava

the parties to offer additional an mo

Docket No 526Application of A

of OperatingDifferential Subsidy Tra

Merchant Marine Act 1986 Ameri

substantial direct foreignflag compe

of its four P2 passengerfreight ship

connection with its freight service No 

subsidy to American President Line

combination ships on Service 1 of 

competition from foreignflag ships a
States in furtherance of the purpos

Docket No 529Review of 

Grace Line Inc for Service 1 of T

tered substantial direct foreignfla

for both cargo and passengers from 

differential subsidy to Grace Lin

Service 1 of Trade Route No 2 is 

ships and to promote the comme

purposes and policy of the Merch

Docket No 530In the Ma

Subsidy Contract with Mississipp

Route No 14 The ships of Miss

2 of Trade Route No 14 have e

from January 1 1948 to the pres

or extent of foreignflag competit

or warrant an adjustment in o

operator Docket No 531In the ma

Subsidy Contract with Farrell Lines 

Lines Inc in the operation of i

15A in connection with its fre

encountered substantial direct for

subsidy to Farrell Lines Inc for 

Route No 15A in connection w

to meet competition from foreign

of the United States in furtheran

Marine Act 1936 as amended

Docket No 534Bloomfield 

Differential Subsidy Trade Rou

Service 5 An operating differen

by applicant Bloomfield Steamsh

Trade Route 21 Service 5 woul

existing services within the mea

Act 1936 The service already 

both Trade Route 13 Service 1 

and in the accomplishment of t

ships should be operated thereon 

not interpose a bar to the grant

covering the operation of cargo 

the application of Bloomfield S

determination

Docket No 541Application 

Differential Subsidy with Respect 

for Period January 1947 to Augu

Co for operating differential sub

on Trade Route 27 from January 

statutory findings under section 

not been and cannot now be m

Docket No M56S C T 

Notice was published of the orde

cause why an order should not be 

Order 70 striking its name from 

cargoes shipped under the Fore

rehabilitation cargoes and hearin

who issued his recommended dec

42
I Tbese decisions are subject to resiw by the Federal Maritime Board

43
44
45


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3E
FEDERAL MARITIME BOA

DEPARTM

Statement of Operations for 

CUE 

Total revenues and reimbursem

Costs and expenses

Operations

Operation of

of

marine

National

terminal

Shipping

s

Maintenance of reserve fleet hes

Training of Maritime Service off

Operation of warehouses 

Maintenance of reserve shipyard

Total costs and Expenses 

Net costs and expenses income

Operations of National Shipping 

Chartering of vessels to others ex

tions of National ShippingA

Operation of marine termina

Maintenance of reserve fleet vess

Training of Maritime Service off

Operation of warehouse

Maintenance of reserve shipyard

Total net costs and expenses 

Direct subsidies and cost of national defe

Estimated operatingdifferential sub

Lax Adjustment of estimatedreca

Cost of national defense eatures 

Construction differential subsidies n

Excess of recorded costs of vessels sold 

losses and abandonments 

Administrative expensesamount alloca

Other income and adjustments inco

Interest earned on notes and accoun

Not income from sale capital sto

Lentorya 3

other property adjust

Iess 

aryand e

I

dLess pp ygy

NetincomefrouRam War Efsk i Insurancran 

Miscellaneous 

Net cost of current year opemtnot

ADJUSTMENTS APPLICABLE TO PRIOR YEARS

Net charges arising from adjustments a

to World War Il activities

Participation in profits of World War II 

NET COST OF OPERATIONS note 6

The notes to financial stat

50
FEDERAL MARITIME BOAR

DEPARTM

Statement of Equity of the Unit

June 

BALANCE BEOINNINO OF YEAR 

ADDITIONS Funds appropriated by the Congress exc

1953 and 1750 00 for fiscal year 1952 a

continued available for cbligatlon in fi

380 61 allocated to Department of Com

Vessel construction costs paid from funds 

the Navy 

Increase in capitalized value of vessels ar

minationofcosts 

r to January 1 

foe P Martine

rot of Certified 

rtment of State 

nrd constructi

Academy Sin

to years exhib

fund of the U 

nsferred to the 

oreign DGovern

ipyard facilitie

dinggCorporat

am oil Con

ment of the N

stian Miss M

ment of theN

transferred to 

erred to the P

sury less 4290

vable transfer

Istmtion exclusive of expenditures of 836

BALANCE CLOSE OF YEAR 

I Contributions received toward Constructi

tions for the year Contributions of 94530 w
FEDERAL MARITIME BOA

DEPARTM

Statement of Sources and A

SOURCES Funds appropriated by the Congress 

Proceeds from sale of capital stock of Am

Vessel construction costs paid from funds 

Funds provided by the Secretary of the 

against funds of the War Shipping Adm

Funds provided from the Payment of C

Proceeds from sale of vessels 

Funds provided by the Department of S

Miscellaneous contributions from other 

Contributions for construction of chapel 

Decrease In working capital during the y

Total funds provided

APPLICATION

Net cost of operations per Statement of 

Add net income from sale of capital 

Itd considered in determination 

Loss on sale of vessels 

Expenditures for vessels owned and tinde

Payments into the General Funds of the 

Accounts receivable from foreign Govern

Inventories and equipment transferred t

Lapsed appropriations transferred to the 

U S Treasury 1ess426 900 subject to 

Expenditures for Land and Site Develop

Uneollectible accounts receivable transfe

Inventories of materials and supplies us

ment of Agriculture Production and M

lures of 339 62 which were reimbur

Total funds 

Summary of C

52

AssetsCash 

Notes receivable

Accounts receivable and agents advan

Materials and supplies 

Other assets 

Total 

Liabilities Accounts payable and other liabilities 

Net unterminated voyage revenue

Reserves 

Tota

Working capital 

Deereasein working Capital 

52
FEDERAL MARITIME BOAR

DEPARTM

Notes to Financial Sta

1 The balance shuts and the statements o

certain steamship companies which operate

agreements

2 No provision for loss has been made in c

prove to be uncellectible Accounts receivab

at June 30 1953 and 304971 at June 311 1952 

tion Notes receivable from domestic firms in

amiustruuon rvo cons cierano

base prices

dance with generally accepted 

menus do not include an allowa

to sales of vessels this practice re

aeons the recorded net costs and 

ieni2ed in the accounts During 

The net operatingdifferential subsidies 

the completion of a 10year contract pe

r89

of the

wall 12

was

and
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FEDERAL MARITIME BOA

DEPART

Statement of Operations of Nat

June 

SHIPPING OPERATIONS 

Vessels operated by general agents 

Terminated

Revenue

voyage results terminat

ExpenSea 

Gross Profit loss from vess

Chartering of vessels to others 

Total gross income from shipping op

NONSHIPPINO OPERATIONS

Vessel reactivation costs 

Vessel deactivation costs expense of rest

Miscelanemusexpenses 

Las Nonshipping income and reimbms

deactivation coosts 

Net Rest Ineome ofnonshipping op

ADMINISTRATIVE EPENBES

NET INCOME FROM OPERATIONS 

56
FEDERAL MARITIME BOAR

DEPARTM

Statement of Operations of Nati

114 035 458

J

LessNombipping In

Fore

alie

Total rn

su

SHIPPING OPERATIONS

Revenue 330 52793 180

Expenses 276 1

08

Gross income

loss from ship

ping operations 53701 969 172

NONSHIPPINO OPERA

TIONS Vessel reactivation

costs 100 692 848 71

Vessel deactivation

Costs expense of re

Net income loss

storing vessels to

the reserve fleet 1281645 60

Miscellaneous ex

pauses 526 465 

NET INCOME LOSS

FROM OPERATIONS 15055 539 r13

I Vessel reactivation Costs applicable to ves

chargeable to charterers

2 Net loss from operations for recount of F

being terminated mI such an early date that r

ship reactivation and other expenses The C

dated July 8 1953 held that no statutory prov

dated October 25 1951 amended there was 

reimburse the MrMitime Administration for 

Mined In Choose 3 b of the agreement

114 035 458 802

LessNombipping In

come and reim

bursemcntsofves

Sol reactivation

and casts deactivation 80914 728 506

Net income loss

from nonshipping

operations 33120 73 3

05

2058139 123

ADMINISTRATIVE Ex

TENSES 525 700 

NET INCOME LOSS

FROM OPERATIONS 15055 539 r13

I Vessel reactivation Costs applicable to ves

chargeable to charterers

2 Net loss from operations for recount of F

being terminated mI such an early date that r

ship reactivation and other expenses The C

dated July 8 1953 held that no statutory prov

dated October 25 1951 amended there was 

reimburse the MrMitime Administration for 

Mined In Choose 3 b of the agreement
58

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Ships of 1000 Gross Tons and 

July 1 

Account and ship type

Total

Kumbar weighDead 

Maritime Administration

Major Standard types Cargo

Combination passenger

and cargo

1012900

12 2100 

Total Maritime Ad

ministretiou 12 1W 300 

Prison and foreign account

MajorCargo types Tankers 128 225 45078 833 

Total major types 30 704283 

Minor Ferrytypes 2 5600 

Total minor types 2 6600 

Total private and for

atgnaecount 32 709 883 

Grand total 44 866183 

I Constructed for Military Sao Transporta

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Ships Approved for Transfer to 

Cash and U S Government S

Special Reserve Funds of S

Operator

PEIVATELY OWNED

Ships under 1000 gross tons

Commercial Craft tugs barges fishing 

Pleasure Craft yachts etc

Motorboats under 5 ton

Total 

Ships of1000 gross tons and over

Tankers

Cargo

Cargo passenger

Miscellaneous

r

schooners dredges bar

New construction by United States s

flag operation

Total 

QOVnmsMENTC0WNED

Cargo ship

Grand total 

Cash and U S Government S

Special Reserve Funds of S

Operator 

American

American

Export

Mall Line

Lines

Ltd

Inc

American

Farrell

Gram Line

Lines

President

Inc

Inc

LintyLt

Lykes

MissiasiPpi

Bros

ShiPPInR

Steamship

O

Co

Inc

Inc 

New

Moore

York

McCormack

and Cuba

Lines

Mail

Inc

Steamship CO

The Oceanic Steamship Co 

Pacific ArgentmeBrazil Line In

Pacific Far East Line too

Pacific Transport Lines In

Sees Shipping Co Inc 

United States Lines Compan

Total 

M
AP

Claims on 

Office

Division of Claims 

Office of the General Counsel

Unliti6ated 

Transferred to Dept ofJustice for litigation 

Total 

Office of the Comptroller ions 

Office of Ship Operaperations 

Grand Total 

Claims Settled Under the Sui

G S GO VE PX NENL 1I4rIXG G11111 11 

In favo

Office

Number 

Office of the General Counsel 9 

Office of the Comptroller 

Total 9 

G S GO VE PX NENL 1I4rIXG G11111 11