Ask the Scholar

Document scope · 1 page
doc
Scholar
Ask about this object, its catalog metadata, its source description, or the page inventory. For page-specific OCR and visual context, open one of the page chats.

Scholar Source Context

Document identity
localId
4526471
label
Maritime Trades Department, AFL-CIO, Washington, DC, January 10, 1973
core
doc
dtoType
document
pageCount
1
Source metadata
id
4526471
contentType
document
title
Maritime Trades Department, AFL-CIO, Washington, DC, January 10, 1973
collections
Gerald R. Ford Congressional Papers
Speeches
subjects
Natural gas
Petroleum
Ships
imageCount
1
hasImages
yes
source
import
hasTranscription
no
Source extras
naId
4526471
coverageEndDate
logicalDate
1973-01-31
month
1
year
1973
coverageStartDate
logicalDate
1973-01-01
month
1
year
1973
levelOfDescription
fileUnit
recordType
description
ocrSource
nara-archive
Single page context
seq
1
pageIndex
0
type
document
mediaId
f68602102bf81212
ocrText
The original documents are located in Box D34, folder "Maritime Trades Department, AFL-CIO, Washington, DC, January 10, 1973" of the Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library. Copyright Notice The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. The Council donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections. Works prepared by U.S. Government employees as part of their official duties are in the public domain. The copyrights to materials written by other individuals or organizations are presumed to remain with them. If you think any of the information displayed in the PDF is subject to a valid copyright claim, please contact the Gerald R. Ford Presidential Library. Digitized from Box D34 of the Ford Congressional Papers: Press Secretary and Speech File at the Gerald R. Ford Presidential Library MARITIME TRADES DEPARTMENT, AFL-CIO, 12 NOON, JAN. 10, 1973, 2000 "L" ST., N.W., WASHINGTON, D.C. Pite Bill Mondy Cadits 1 IT HAS BEEN JUST OVER A YEAR SINCE I LAST APPEARED BEFORE THIS AUDIENCE TO DISCUSS SOME OF THE PROBLEMS FACING THE NATION'S MARITIME INDUSTRY AND MERCHANT MARINE. NOW IT IS TIME TO TAKE STOCK AGAIN -- TO RENDER AN ACCOUNTING OF HOW THE ADMINISTRATION AND THE NATION HAVE MOVED AGAINST THESE PROBLEMS. IT IS AN ACCOUNTING OF SOLID ACHIEVEMENTS -- AN ACCOUNTING WHICH SHOWS THAT WE, AS A NATION. HAVE FINALLY AND TRULY FACED UP TO THE FACT THAT THE UNITED STATES NO LONGER IS THE WORLD'S -2- NUMBER ONE MARITIME POWER. AND IT IS AN ACCOUNTING WHICH SHOWS US READY TO "TURN AROUND" AND MOVE FORWARD TO REGAIN OUR FORMER MARITIME STATURE. FIRST OF ALL, WE MUST REMEMBER THE INSTRUMENT WHICH HELPED US GET STARTED ON THIS TURNAROUND -- THE MERCHANT MARINE ACT OF 1970. AS YOU WELL KNOW, THE ACT HAS A DOUBLE PURPOSE: FIRST, TO BRING BACK TO OUR NATION A STRONG AND PROFITABLE MARITIME INDUSTRY AND, SECOND, TO DEVELOP A MERCHANT FLEET SECOND TO NONE IN THE WORLD. IN FISCAL YEAR 1971, UNDER TERMS OF THIS LAW, SUBSIDIZED SHIPBUILDING AND CONVERSION CONTRACTS AWARDED EXCEEDED $390 MILLION -- A RECORD HIGH BUT STILL SHORT OF THE ACT'S STATED GOALS. WE WANTED TO START WORK ON 19 NEW SHIPS IN -3- FISCAL '71. WE SETTLED, INSTEAD, FOR CONTRACT AWARDS FOR NINE NEW VESSELS. THE PICTURE HAS CHANGED NOW. IN FISCAL 1972, CONSTRUCTION DIFFERENTIAL SUBSIDY CONTRACTS UNDER THE MERCHANT MARINE ACT OF 1970 CALL FOR BUILDING 21 NEW SHIPS. A YEAR AGO I TOLD THIS AUDIENCE THAT AMERICAN SHIPYARDS ARE CROSSING THE THRESHOLD TO ONE OF THE LARGEST COMMERCIAL SHIPBUILDING MARKETS IN THE INDUSTRY'S PEACETIME HISTORY. THAT PREDICTION HAS HELD UP. TODAY THANKS TO THE MERCHANT MARINE ACT HAVE OF 1970, WEAMORE TONNAGE ON THE WAYS OR ON ORDER THAN AT ANY TIME SINCE WORLD WAR II. I THINK THAT IS A PROUD ACCOMPLISHMENT AND A SOLID STEP TOWARD -4- REBUILDING OUR MERCHANT FLEET AND OUR MARITIME INDUSTRY. THE INVESTMENT FOR BOTH FISCAL 1971 AND 1972 AMOUNTS TO WELL OVER ONE BILLION DOLLARS -- AND THAT'S A HEALTHY BOOST -- NOT JUST FOR THE MARITIME INDUSTRY BUT FOR THE NATION'S TOTAL ECONOMY THE CONSTRUCTION OF THIS NEW AND TECHNOLOGICALLY-ADVANCED FLEET IS HIGHLY IMPORTANT IF WE ARE TO RETURN TO A TOP RANKING POSITION AS A MARITIME POWER. I MIGHT POINT OUT HERE THAT THE SOVIET UNION -- WHICH HAS BEEN BUILDING ITS FLEET FOR MANY YEARS -- NOW RANKS FIFTH IN THE WORLD, FINALLY OVERTAKING THE UNITED STATES, WHICH RANKS SEVENTH. WHILE I BELIEVE THAT IT IS SOMETHING OF A MISTAKE TO GET INTO ANY KIND OF A NUMBERS RACE WITH THE SOVIET UNION OR -5- WITH ANY NATION, FOR THAT MATTER, I DO THINK THAT THE NUMBERS GIVE US A FIRM INDICATION OF HOW BADLY WE HAVE SLIPPED OF HOW OUR CAPABILITIES TO CONDUCT WORLD TRADE HAVE DECLINED IN THE PERIOD SINCE WORLD WAR II. NOW, WITH THE MERCHANT MARINE ACT OF 1970 BEGINNING TO TAKE HOLD, WITH SLEEK NEW SHIPS ON THE WAYS AND ON THE PLANNING BOARD, OUR CAPABILITIES MUST INCREASE TO ENHANCE OUR WORLD TRADE POSITION. I THINK WE HAVE TAKEN SOLID STEPS TOWARD THE GOALS WHICH THE the Congress have ADMINISTRATION NAS SET. BUT THE ACCOMPLISHMENTS DO NOT END THERE. THERE ARE NEW PROSPECTS FOR US TO CONSIDER -- INCLUDING THE IMPORTANT PRINCIPLE OF BILATERALISM EMBRACED IN THE RECENT -6- TRADE AGREEMENT WITH RUSSIA. THIS PACT GUARANTEES THAT ONE-THIRD OF ALL THE CARGOES BETWEEN THE UNITED STATES AND THE U.S.S.R. WILL BE RESERVED FOR AMERICAN-FLAG SHIPS. IT is, AS ROBERT J. BLACKWELL, THE ASSISTANT SECRETARY OF COMMERCE FOR MARITIME AFFAIRS, PUT IT -- QUOTE -- -- AN INDISPENSABLE FIRST STEP IN THE BEGINNING OF A NEW ERA OF EXPANDED COMMERCE WITH THE SOVIET UNION -- UNQUOTE. THIS PRINCIPLE OF BILATERALISM MAY BE RELATIVELY NEW TO US AS A NATION, BUT IT IS A WELL-TESTED, WELL-DEFINED PRINCIPLE AMONG OTHER NATIONS WHO MAKE BILATERAL DEMANDS IN ALL OF THEIR TRADE AGREEMENTS. FOR INSTANCE, PERU AND INDIA HAVE SIGNED A TRADE PACT WHEREBY THE -7- PARTIES ENCOURAGE CONTRACTS UNDER WHICH 50 PER CENT OF THE CARGO GENERATED WILL BE CARRIED BY NATIONAL FLAG SHIPS. ARGENTINA DEMANDS THAT ALL IMPORTS AND EXPORTS OF GOVERNMENT AGENCIES -- AS WELL AS ALL PRODUCTS MANUFACTURED WITH THE HELP OF GOVERNMENT FINANCING -- BE CARRIED BY SHIPS OF THE ARGENTINE FLEET. FRANCE, Too, DEMANDS THAT TWO-THIRDS OF ALL OIL IMPORTS BE BROUGHT TO THEIR SHORES BY TANKERS FLYING THE FRENCH FLAG. I COULD CITE MANY OTHER EXAMPLES OF THIS PRINCIPLE IN ACTION. IT is, AS I SAID, A WELL-USED, WELL-DEFINED PRINCIPLE. NOW, FACING UP TO THE REALITIES OF ITS MARITIME POSITION AND FACING UP TO THE REALITIES OF ITS POSITION IN THE -8- WORLD OF TRADE, THE UNITED STATES EMBRACES THE PRINCIPLE OF BILATERALISM. AND THE SIGNIFICANCE OF THIS ACTION IS CLEAR. WE HAVE AS A NATION RECOGNIZED THE FACT THAT WE MUST CHANGE OUR MARITIME POLICIES IF THE MERCHANT FLEET -- AN IMPORTANT ARM of our mational defene OF OUR OVERALL TRADE PROGRAM -- IS TO SURVIVE. so, IN THE YEAR JUST PASSED, WE HAVE SET A NEW TRADE POLICY FOR THE NATION -- BILATERALISM -- AND THE FIRST U.S.-FLAG SHIPS ALREADY HAVE BEEN UNLOADED IN THE SOVIET PORT OF ODESSA. OTHERS ARE ON THE WAY. ALL OF THIS ADDS UP TO ANOTHER MOVE IN THE EFFORT TO TURN THE MARITIME INDUSTRY AROUND. AND IT IS ANOTHER IMPORTANT ACCOMPLISHMENT IN THE PARADE OF PROGRESS OF THE PAST YEAR. -9- THERE ARE OTHER ACCOMPLISHMENTS I CAN POINT TO. FOR EXAMPLE, THE NATIONAL MARITIME COUNCIL, FOUNDED UNDER THE AUSPICES OF THE MARITIME ADMINISTRATION, CELEBRATED ITS FIRST ANNIVERSARY A SHORT WHILE BACK. IN SPITE OF THE NAY-SAYERS AND THE SKEPTICS, THIS GROUP OF LABOR, BUSINESS AND GOVERNMENT REPRESENTATIVES CONTINUES BUSY AT THE JOB OF PROMOTING CARGO FOR THE U.S.-FLAG FLEET. THE COUNCIL HAS SUCCEEDED ADMIRABLY IN ANOTHER IMPORTANT MISSION -- THAT OF CREATING AN AWARENESS IN THE SHIPPING COMMUNITY THAT THE USE OF THE U.S.-FLAG FLEET FULFILLS MANY URGENT NEEDS -- CONTRIBUTING TO THE NATIONAL SECURITY AND DEFENSE, HELPING THE BALANCE OF PAYMENTS PICTURE, AND BOLSTERING -10- THE ECONOMY THROUGH THE CREATION OF MORE MARITIME JOBS. ANOTHER ACCOMPLISHMENT OVER THE PAST YEAR IS THE NEW ATTENTION PAID TO THE NATION'S FOURTH SEACOAST -- OUR INLAND WATERWAYS. Coming from muchyon FOR THE FIRST TIME A DOMESTIC SHIPPING CONFERENCE WAS HELD TO CREATE CLOSER TIES BETWEEN THE INDUSTRY AND THE GOVERNMENT. DELEGATES TO THIS UNPRECEDENTED MEETING IN ST. LOUIS ASKED THE MARITIME ADMINISTRATION FOR IMPORTANT NEW STUDIES IN A NUMBER OF KEY PROBLEM AREAS. SPECIFICALLY DELEGATES ASKED FOR STUDIES OF SHIPBUILDING SUBSIDIES, IMSURANCE COVERAGE STREAMLINING OF OVERLAPPING REGULATIONS, AND PORT AND HARBOR FACILITIES -- AND THE STUDIES ARE UNDERWAY. -11- IN ADDITION TO THESE ACCOMPLISHMENTS, I THINK WE SHOULD NOTE THE ADMINISTRATION'S MOVE TO UPGRADE THE ROLE OF TRADE AND COMMERCE IN THE WORKINGS AND DELIBERATIONS OF THE U.S. DEPARTMENT OF STATE. A NEW OFFICE OF UNDERSECRETARY OF STATE FOR ECONOMIC AFFAIRS HAS BEEN ESTABLISHED WITH THE MISSION OF EXAMINING THE TOTALITY OF OUR RELATIONS WITH OTHER COUNTRIES. THIS SHOULD INCLUDE ALL ASPECTS OF ECONOMIC TRADE AND BILATERALISM AS WELL AS OTHER DIPLOMATIC CONSIDERATIONS. FRANKLY, I THINK THIS SORT OF OVERVIEW IS EXACTLY WHAT WE NEED AT THIS POINT IN TIME. FOR FORECASTS INDICATE THAT U. S. FOREIGN TRADE TONNAGE WILL MORE THAN DOUBLE OVER THE NEXT SEVEN OR EIGHT YEARS -12- UPGRADING THE ECONOMIC AFFAIRS OFFICE IN THE DEPARTMENT OF STATE IS A STEP TOWARD GIVING US THE TYPE OF TOTAL PICTURE WE NEED IN ORDER TO PLAN FOR THIS MASSIVE TRADE EXPANSION. THESE ARE SOME OF THE ACCOMPLISHMENTS OF THE PAST YEAR -- AND THEY ARE ACCOMPLISHMENTS, NOT MERELY PROMISES. BUT WE CANNOT RELAX NOW. THERE IS MUCH MORE TO BE DONE. THE NATION FACES A MASSIVE ENERGY CRISIS AND THE MARITIME INDUSTRY IS INEXTRICABLY LINKED TO THE SOLVING OF THAT CRISIS. BY THE MID-1980'S, FOREIGN IMPORTS WILL ACCOUNT FOR AT LEAST TWO-THIRDS OF OUR PETROLEUM SUPPLIES. THIS MEANS THAT THE WORLD TANKER FLEET -- THE WORLD FLEET MIND YOU -- MUST BE DOUBLED. -13- THERE ARE NEW TANKERS NOW ON THE WAYS; OTHERS ARE IN THE PLANNING STAGES; BUT WE STILL HAVE A LONG WAY TO GO. TODAY, SOME SECTIONS OF THE The mily NATION ARE FACING NATURAL GAS SHORTAGES PREDICTIONS INDICATE THAT THE PROBLEM WILL SPREAD. ONE SOLUTION IS THE IMPORTATION OF LIQUEFIED NATURAL GAS. IT IS ESTIMATED THAT AS MANY AS 80 LNG TANKERS WILL BE NEEDED TO FULFILL OUR NEEDS FOR NATURAL GAS. CONTRACTS ALREADY HAVE BEEN AWARDED FOR SIX OF THESE TANKERS TO BE CONSTRUCTED IN U.S. SHIPYARDS AND TO FLY THE AMERICAN FLAG. THE POTENTIAL HERE IS NOWHERE CLOSE TO BEING REALIZED. ANOTHER AREA OF GREAT POTENTIAL FOR THE MARITIME INDUSTRY LIES IN THE MASSIVE OIL FIELDS OF ALASKA. A DECISION -14- ON HOW TO GET THAT OIL TO THE MAINLAND IS PENDING IN THE COURTS. A DECISION TO LINK THE NORTH SLOPE FIELDS WITH THE PORT OF VALDEZ WOULD HAVE TWO RESULTS -- HELP TO SOLVE OUR ENERGY CRISIS AND OPEN NEW MARKETS FOR THE MARITIME INDUSTRY AND OUR MERCHANT FLEET. WE HAVE MADE CONSIDERABLE PROGRESS IN THE PAST YEAR. WE HAVE A LONG WAY TO GO. THERE ARE STILL OBSTACLES TO OVERCOME. BUT THIS ADMINISTRATION is engers PROVIDING THE TYPE OF LEADERSHIP -- AND THE TYPE OF FAR-REACHING PROGRAMS -- WHICH WILL HELP US TO REBUILD OUR MARITIME INDUSTRY OUR MERCHANT FLEET AND OUR POSITION ON THE SEAS. END : : House Galleries and Mr. 7 only a office Copy REMARKS BY REP. GERALD R. FORD, R-MICH. REPUBLICAN LEADER, U. S. HOUSE OF REPRESENTATIVES BEFORE THE MARITIME TRADES DEPARTMENT, AFL-CIO 2000 "L" STREET, N.W. WASHINGTON, D.C. 12 NOON WEDNESDAY, JANUARY 10, 1973 FOR RELEASE ON DELIVERY It has been just over a year since I last appeared before this audience to discuss some of the problems facing the nation's maritime industry and merchant marine. Now it is time to take stock again -- to render an accounting of how the Administration and the nation have moved against these problems. It is an accounting of solid achievements -- an accounting which shows that we, as a nation, have finally and truly faced up to the fact that the United States no longer is the world's Number One maritime power. And it is an accounting which shows us ready to "turn around" and move forward to regain our former maritime stature. First of all, we must remember the instrument which helped us get started on this turnaround -- the Merchant Marine Act of 1970. As you well know, the Act has a double purpose: first, to bring back to our nation a strong and profitable maritime industry and, second, to develop a merchant fleet second to none in the world. In fiscal year 1971, under terms of this law, subsidized shipbuilding and conversion contracts awarded exceeded $390 million -- a record high but still short of the Act's stated goals. We wanted to start work on 19 new ships in fiscal '71. We settled, instead, for contract awards for nine new vessels. The picture has changed now. In fiscal 1972, construction differential subsidy contracts under the Merchant Marine Act of 1970 call for building 21 new ships. A year ago I told this audience that American shipyards are crossing the threshold to one of the largest commercial shipbuilding markets in the industry's peacetime history. That prediction has held up. Today, thanks to the Merchant Marine Act of 1970, we have more tonnage on the ways or on order than at any time since World FORD War II. GERALD LIBRARY (more) -2- I think that is a proud accomplishment and a solid step toward rebuilding our merchant fleet and our maritime industry. The investment for both fiscal 1971 and 1972 amounts to well over one billion dollars -- and that's a healthy boost -- not just for the maritime industry but for the nation's total economy. The construction of this new and technologically-advanced fleet is highly important if we are to return to a top ranking position as a maritime power. I might point out here that the Soviet Union --- which has been building its fleet for many years -- now ranks fifth in the world, finally overtaking the United States, which ranks seventh. While I believe that it is something of a mistake to get into any kind of a numbers race with the Soviet Union or with any nation, for that matter, I do think that the numbers give us a firm indication of how badly we have slipped, of how our capabilities to conduct world trade have declined in the period since World War II. Now, with the Merchant Marine Act of 1970 beginning to take hold, with sleek new ships on the ways and on the planning board, our capabilities must increase to enhance our world trade position. I think we have taken solid steps toward the goals which the Administration has set. But the accomplishments do not end there. There are new prospects for us to consider -- including the important principle of bilateralism embraced in the recent trade agreement with Russia. This pact guarantees that one-third of all the cargoes between the United States and the U.S.S.R. will be reserved for American-flag ships. It is, as Robert J. Blackwell, the assistant Secretary of Commerce for Maritime Affairs, put it --- quote -- an indispensable first step in the beginning of a new era of expanded commerce with the Soviet Union -- unquote. This principle of bilateralism may be relatively new to us as a nation, but it is a well-tested, well-defined principle among other nations who make bilateral demands in all of their trade agreements. For instance, Peru and India have signed a trade pact whereby the parties encourage contracts under which 50 per cent of the cargo generated will be carried by national flag ships. Argentina demands that all imports and exports of government agencies -- as well as all products manufactured with the help of government financing -- be carried by ships of the Argentine fleet. (more) -3- France, too, demands that two-thirds of all oil imports be brought to their shores by tankers flying the French flag. I could cite many other examples of this principle in action. It is, as I said, a well-used, well-defined principle. Now, facing up to the realities of its maritime position and facing up to the realities of its position in the world of trade, the United States embraces the principle of bilateralism. And the significance of this action is clear. We have as a nation recognized the fact that we must change our maritime policies if the merchant fleet -- an important arm of our overall trade program -- is to survive. So, in the year just passed, we have set a new trade policy for the nation -- bilateralism -- and the first U. S.-flag ships already have been unloaded in the Soviet port of Odessa. Others are on the way. All of this adds up to another move in the effort to turn the maritime industry around. And it is another important accomplishment in the parade of progress of the past year. There are other accomplishments I can point to. For example, the National Maritime Council, founded under the auspices of the Maritime Administration, celebrated its first anniversary a short while back. In spite of the nay-sayers and the skeptics, this group of labor, business and government representatives continues busy at the job of promoting cargo for the U. S.-flag fleet. The Council has succeeded admirably in another important mission -- that of creating an awareness in the shipping community that the use of the U. S.-flag fleet fulfills many urgent needs -- contributing to the national security and defense, helping the balance of payments picture, and bolstering the economy through the creation of more maritime jobs. Another accomplishment over the past year is the new attention paid to the nation's fourth seacoast -- our inland waterways. For the first time a Domestic Shipping Conference was held to create closer ties between the industry and the government. Delegates to this unprecedented meeting in St. Louis asked the Maritime Administration for important new studies in a number of key problem areas. Specifically, delegates asked for studies of shipbuilding subsidies, insurance (more) -4- coverage, streamlining of overlapping regulations, and port and harbor facilities -- and the studies are underway. In addition to these accomplishments, I think we should note the Administration's move to upgrade the role of trade and commerce in the workings and deliberations of the U. S. Department of State. A new office of Undersecretary of State for Economic Affairs has been established with the mission of examining the totality of our relations with other countries. This should include all aspects of economic trade and bilateralism as well as other diplomatic considerations. Frankly, I think this sort of overview is exactly what we need at this point in time, for forecasts indicate that U. S. foreign trade tonnage will more than double over the next seven or eight years. Upgrading the Economic Affairs Office in the Department of State is a step toward giving us the type of total picture we need in order to plan for this massive trade expansion. These are some of the accomplishments of the past year -- and they are accomplishments, not merely promises. But we cannot relax now. There is much more to be done. The nation faces a massive energy crisis and the maritime industry is inextricably linked to the solving of that crisis. By the mid-1980's, foreign imports will account for at least two-thirds of our petroleum supplies. This means that the world tanker fleet -- the world fleet, mind you -- must be doubled. There are new tankers now on the ways; others are in the planning stages; but we still have a long way to go. Today, some sections of the nation are facing natural gas shortages. Predictions indicate that the problem will spread. One solution is the importation of liquefied natural gas. It is estimated that as many as 80 LNG tankers will be needed to fulfill our needs for natural gas. Contracts already have been awarded for six of these tankers to be constructed in U. S. shipyards and to fly the American flag. The potential here is nowhere close to being realized. Another area of great potential for the maritime industry lies in the massive oil fields of Alaska. A decision on how to get that oil to the mainland (more) --5-- is pending in the courts. A decision to link the North Slope fields with the port of Valdez would have two results -- help to solve our energy crisis and open new markets for the maritime industry and our merchant fleet. We have made considerable progress in the past year. We have a long way to go. There are still obstacles to overcome. But this Administration is providing the type of leadership -- and the type of far-reaching programs -- which will help us to rebuild our maritime industry, our merchant fleet and our position on the seas. # # # Distribution: House Galleries P.M. 1/9/72 20 copies with M Office Copy REMARKS BY REP. GERALD R. FORD, R-MICH. REPUBLICAN LEADER, U. S. HOUSE OF REPRESENTATIVES BEFORE THE MARITIME TRADES DEPARTMENT, AFL-CIO 2000 "L" STREET, N.W. WASHINGTON, D.C. 12 NOON WEDNESDAY, JANUARY 10, 1973 FOR RELEASE ON DELIVERY It has been just over a year since I last appeared before this audience to discuss some of the problems facing the nation's maritime industry and merchant marine. Now it is time to take stock again -- to render an accounting of how the Administration and the nation have moved against these problems. It is an accounting of solid achievements -- an accounting which shows that we, as a nation, have finally and truly faced up to the fact that the United States no longer is the world's Number One maritime power. And it is an accounting which shows us ready to "turn around" and move forward to regain our former maritime stature. First of all, we must remember the instrument which helped us get started on this turnaround -- the Merchant Marine Act of 1970. As you well know, the Act has a double purpose: first, to bring back to our nation a strong and profitable maritime industry and, second, to develop a merchant fleet second to none in the world. In fiscal year 1971, under terms of this law, subsidized shipbuilding and conversion contracts awarded exceeded $390 million -- a record high but still short of the Act's stated goals. We wanted to start work on 19 new ships in fiscal '71. We settled, instead, for contract awards for nine new vessels. The picture has changed now. In fiscal 1972, construction differential subsidy contracts under the Merchant Marine Act of 1970 call for building 21 new ships. A year ago I told this audience that American shipyards are crossing the threshold to one of the largest commercial shipbuilding markets in the industry's peacetime history. That prediction has held up. Today, thanks to the Merchant Marine Act of 1970, we have more tonnage on the ways or on order than at any time since World War II. BERALD LIBRARY (more) -2- I think that is a proud accomplishment and a solid step toward rebuilding our merchant fleet and our maritime industry. The investment for both fiscal 1971 and 1972 amounts to well over one billion dollars -- and that's a healthy boost -- not just for the maritime industry but for the nation's total economy. The construction of this new and technologically-advanced fleet is highly important if we are to return to a top ranking position as a maritime power. I might point out here that the Soviet Union -- which has been building its fleet for many years -- now ranks fifth in the world, finally overtaking the United States, which ranks seventh. While I believe that it is something of a mistake to get into any kind of a numbers race with the Soviet Union or with any nation, for that matter, I do think that the numbers give us a firm indication of how badly we have slipped, of how our capabilities to conduct world trade have declined in the period since World War II. Now, with the Merchant Marine Act of 1970 beginning to take hold, with sleek new ships on the ways and on the planning board, our capabilities must increase to enhance our world trade position. I think we have taken solid steps toward the goals which the Administration has set. But the accomplishments do not end there. There are new prospects for us to consider -- including the important principle of bilateralism embraced in the recent trade agreement with Russia. This pact guarantees that one-third of all the cargoes between the United States and the U.S.S.R. will be reserved for American-flag ships. It is, as Robert J. Blackwell, the assistant Secretary of Commerce for Maritime Affairs, put it --- quote -- an indispensable first step in the beginning of a new era of expanded commerce with the Soviet Union -- unquote. This principle of bilateralism may be relatively new to us as a nation, but it is a well-tested, well-defined principle among other nations who make bilateral demands in all of their trade agreements. For instance, Peru and India have signed a trade pact whereby the parties encourage contracts under which 50 per cent of the cargo generated will be carried by national flag ships. Argentina demands that all imports and exports of government agencies -- as well as all products manufactured with the help of government financing -- be carried by ships of the Argentine fleet. (more) -3- France, too, demands that two-thirds of all oil imports be brought to their shores by tankers flying the French flag. I could cite many other examples of this principle in action. It is, as I said, a well-used, well-defined principle. Now, facing up to the realities of its maritime position and facing up to the realities of its position in the world of trade, the United States embraces the principle of bilateralism. And the significance of this action is clear. We have as a nation recognized the fact that we must change our maritime policies if the merchant fleet -- an important arm of our overall trade program -- is to survive. So, in the year just passed, we have set a new trade policy for the nation -- bilateralism -- and the first U. S.-flag ships already have been unloaded in the Soviet port of Odessa. Others are on the way. All of this adds up to another move in the effort to turn the maritime industry around. And it is another important accomplishment in the parade of progress of the past year. There are other accomplishments I can point to. For example, the National Maritime Council, founded under the auspices of the Maritime Administration, celebrated its first anniversary a short while back. In spite of the nay-sayers and the skeptics, this group of labor, business and government representatives continues busy at the job of promoting cargo for the U. S.-flag fleet. The Council has succeeded admirably in another important mission -- that of creating an awareness in the shipping community that the use of the U. S.-flag fleet fulfills many urgent needs -- contributing to the national security and defense, helping the balance of payments picture, and bolstering the economy through the creation of more maritime jobs. Another accomplishment over the past year is the new attention paid to the nation's fourth seacoast -- our inland waterways. For the first time a Domestic Shipping Conference was held to create closer ties between the industry and the government. Delegates to this unprecedented meeting in St. Louis asked the Maritime Administration for important new studies in a number of key problem areas. Specifically, delegates asked for studies of shipbuilding subsidies, insurance (more) -4- coverage, streamlining of overlapping regulations, and port and harbor facilities -- and the studies are underway. In addition to these accomplishments, I think we should note the Administration's move to upgrade the role of trade and commerce in the workings and deliberations of the U. S. Department of State. A new office of Undersecretary of State for Economic Affairs has been established with the mission of examining the totality of our relations with other countries. This should include all aspects of economic trade and bilateralism as well as other diplomatic considerations. Frankly, I think this sort of overview is exactly what we need at this point in time, for forecasts indicate that U. S. foreign trade tonnage will more than double over the next seven or eight years. Upgrading the Economic Affairs Office in the Department of State is a step toward giving us the type of total picture we need in order to plan for this massive trade expansion. These are some of the accomplishments of the past year -- and they are accomplishments, not merely promises. But we cannot relax now. There is much more to be done. The nation faces a massive energy crisis and the maritime industry is inextricably linked to the solving of that crisis. By the mid-1980's, foreign imports will account for at least two-thirds of our petroleum supplies. This means that the world tanker fleet -- the world fleet, mind you -- must be doubled. There are new tankers now on the ways; others are in the planning stages; but we still have a long way to go. Today, some sections of the nation are facing natural gas shortages. Predictions indicate that the problem will spread. One solution is the importation of liquefied natural gas. It is estimated that as many as 80 LNG tankers will be needed to fulfill our needs for natural gas. Contracts already have been awarded for six of these tankers to be constructed in U. S. shipyards and to fly the American flag. The potential here is nowhere close to being realized. Another area of great potential for the maritime industry lies in the massive oil fields of Alaska. A decision on how to get that oil to the mainland (more) -5- is pending in the courts. A decision to link the North Slope fields with the port of Valdez would have two results -- help to solve our energy crisis and open new markets for the maritime industry and our merchant fleet. We have made considerable progress in the past year. We have a long way to go. There are still obstacles to overcome. But this Administration is providing the type of leadership --- and the type of far-reaching programs -- which will help us to rebuild our maritime industry, our merchant fleet and our position on the seas. # # #