Word: cargoed
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Dates: during 1940-1949
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...Army could promise was that it would do its best. Converted cargo and grain ships will be pressed into a shuttle service; passenger ships and transports will be used; 800 transport planes, capable of flying back 50,000 men a month, have also been set aside for the job. But it will be a year, said the Army, before the last lucky 1,300,000 is home...
Therefore, money for the new ships was among the first appropriations the Dutch made from the $100 million loan (at 1½% interest) they recently got from Wall Street bankers. Orders were placed for ten C-3 type cargo vessels of 10,000 tons each, from the Sun Shipbuilding & Dry Dock Co., and 20 small coastal ships from the Albina Engine & Machine Works, at Portland, Ore. Shipping men estimated the total cost at $50 million-almost twice as much as it would have cost to build the ships in Dutch yards before...
...this tonnage will be operated in the coastal and intercoastal trade and does not receive operating subsidies, since such trades are barred to foreign flag ships. Furthermore, only about 35% of American vessels operating in liner service in foreign trade receive operation subsidy. In 1938 American flag tonnage (dry cargo vessels) in foreign trade was about 3,200,000 tons, and it is estimated that if we carried 50% of our foreign commerce, we would require only 5,800,000 tons. On this basis, can anyone contend that the Americans are trying to "hog" the shipping of the world, when...
...Ingalls' anchors to windward: ¶ Two fat contracts: 1) to convert three cargo ships into passenger-cargo liners at $4 million each for postwar service to Scandinavia under the Moore & McCormick houseflag; 2) to build three de luxe passenger liners (cost $5 million each) for the Mississippi Shipping Company Inc.'s Delta Line, to sail from Gulf ports to the East Coast of South America. ¶Son Robert, Jr. was in Brazil to drum up orders for new ships for the antique, but vital, Brazilian merchant marine. ¶ Smart and young, Ingalls' engineers were putting the finishing...
...purely economic aspects, said Douglas, the U.S. derives little nourishment from carrying ocean traffic. Other nations can operate cargo fleets cheaply. Those nations (particularly Britain, Norway, Holland) depend on ocean trade for their life. If the U.S. expects to sell them its goods and support its own economy, the U.S. must encourage its seafaring neighbors, not crowd them out. The U.S. should therefore sell or lease them some 30,000,000 tons of its dry cargo ships (plus tankers and passenger ships) to flesh out their war-depleted fleets...