Expanded Cargo Preferences May Be The Easiest Way To Rebuild The U.S. Maritime Industry

The U.S. commercial maritime industry appears to be in a secular decline. Less than 2% of the nation’s waterborne exports and imports are transported on ships flying the U.S. flag. The last time that 10% or more of U.S. trade was carried by American-made and manned vessels was 1960. As the role of the U.S. …