ACKNOWLEDGMENTS The conclusions of this study are derived from an extensive compilation of factual data gathered from many sources. While much of this information is commonly available, the most valuable por- tions of it were privately submitted by industrial concerns and government agencies. This confidential information makes the project both unique and reliable. If the report proves useful to industry, the following contributors deserve the credit: American Bureau of Shipping American Merchant Marine Institute American President Lines Bethlehem Steel Co., Shipbuilding Division, Quincy, San Francisco Delta Steamship Lines, Inc. Friede £ Goldman, Inc. Gibbs & Cox, Inc. Grace Line, Inc. J. J. Henry Co., Ine. Joshua Hendy Corp. Lykes Bros. Steamship Co., Inc. Manitowoc Shipbuilding, Inc. Maritime Administration, U.S. Department of Commerce Maritime Cargo Transportation Conference, NAS-NRC. Maryland Shipbuilding and Drydock: Co. Matson Navigation Co. Moore-McCormack Lines, Inc. Newport News Shipbuilding & Dry Dock Co. New York Shipbuilding Corp. Pacific Far East Line, Inc. States Marine Corp. United States Lines Co. Comments and criticism on an interim report were contributed by gentlemen from many of the above organizations as well as from Arthur D. Little, Inc., Massachusetts Institute of Technology and Webb Institute of Naval Architecture. The Humble Oil & Refining Company supplied a valuable outline of the tax structures of foreign maritime nations. (Continued on Inside of Back Cover) “THE UNIVERSITY. oF MICHIGAN LIBRARIESTHE UNIVERSITY OF MICHIGAN COLLEGE OF ENGINEERING DEPARTMENT OF NAVAL ARCHITECTURE AND MARINE ENGINEERING GENERAL CARGO SHIP ECONOMICS AND DESIGN Harry Benford First Printing July 1962 as Office of Research Administration Report on Project ol65 Reprinted August, 1962 Revised Edition Ann Arbor August, 1965UMtoFo7)