The strength of the U.S.-flagged, U.S-crewed merchant marine fleet continues to be an essential linchpin for economic security, military readiness, and the availability of good jobs with strong wages and benefits in the domestic maritime industry. However, for decades, the U.S. fleet and U.S. mariners have been buffeted by Flag of Convenience shipping models, shifting economic and military climates, and missed policy opportunities. Bold decisions and investments will be necessary to guarantee the enduring viability and growth in the U.S. maritime sector. With strong leadership from the Biden administration and recent Congressional action, it is apparent that we have arrived at a unique opportunity for transformational growth and increased ability to compete for a larger share of America’s foreign trade.
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