Marine link
 

Congresswoman Schenk Debuts Legislation To Rehab Maritime Industry

Citing budget restraints which would prevent funding for new initiatives, CongresswomanLynn Schenk of California introduced legislation that would, as the Congresswoman points out, be a budget neutral approach.

The plan would reserve up to 30 percent of U.S. oil imports and 50 percent of U.S. motor vehicle imports for U.S.-documented vessels. The law, as proposed, would remain in effect until the top 10 foreign shipbuilding countries end subsidies to its maritime industries.

Congresswoman Schenk points to a recent Transportation Department survey—which shows that of 57 maritime nations, all of them provide maritime subsidies, 70 percent of them have bilateral cargo preference agreements, and 40 percent enforce a general cargo reservation requirement— to state a case that the U.S. maritime industry is in crisis, in need of strengthening, similar to legislation passed by Congress in 1974 in response to the oil crisis.

Dubbed the Merchant Marine Revitalization Act of 1994, the plan would purportedly open a portion of the international shipbuilding market to U.S. shipyards by creating a demand for U n - documented, U.S.-built and U.S.-crewed tankers and Ro/Ro vessels, it is claimed.

Projections by the Congresswoman claim it would provide order for about 130 ships and jump start the revitalization of the U.S. shipbuilding and ship repair industry, while at the same time ease the transition from defense to the civilian market without generating federal deficit pressure. The act, in its infancy, is designed to augment the maritime programs passed last year.




Shipbuilding / Vessel Construction History

$5 Billion CVN-76 Gains Support
BIW Sale Invites Industry Speculation
BUYING INTO THE FUTURE U.S. Industry Is Changing To Compete
Changes at Malta Drydocks
DEFENSE CONVERSION ACT
Detroit Diesel Computer System To Control Engines On Gladding-Hearn Built Research Vessel
DOT/Industry Partnership Results In $37 Million In Cooperative Agreements
Evergreen To Build 10 New Confainerships In Japan
Increasing Orders Put South Korea Ahead Of The Competition
INDIA: Big Plans To Acquire Ships, Aid Shipbuilder
Intergraph Expands Capabilities For Ship Design And Production CAD/CAM Systems
KCS Updates TRIBON
Mapping The Future Of Design
MarAd News Title XI
Marinex, Ingalls & Metro Machine Tanker Project Wins MARITECH Funds
McDermott Enters Russian Shipbuilding Venture
McDermott, Shipbuilding Ventures Inc. Sign Agreement To Build Product Carriers In U.S.
McDermott: Blazing A Unique Trail Towards International Business
Navy's Newest Amphibious Assault Ship Commissioned At Ingalls
New facility broadens Dutch yard's scope
Newport News One Of Two Finalists For Sabine Double- Hull Refit Contracts
ORDERS CONTINE TO FLOW
Paquets Order First Taurus 60M Marine Turbines For U.S. Waters
Power Alliance Wins DARPA Contract
Pragmatic Research
SCA: OECD Talks Fail On Jones Act, European Export Credit Issues
Ship Orders Unhalted By Industrial Unrest
Shipbuilders Announce Incorporation Of American Shipbuilding Association American Shipbuilding Association
Strategic Value Added: Navy-Industry Cooperation for the Future
U.S. Named Official Partner Country At SMM '96
 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright