Merchant Marine
total: 5,005 ships (1,000 gross register tons (GRT) or over) totaling 122,960,929 GRT/183,615,337 metric tons deadweight (DWT)
ships by type: (June 2005 Update est.)
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note: a flag of convenience registry; includes ships from 71 countries among which are (2005 update)
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Foreign Owned Ships: 4,388
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Read more about this topic: Transport In Panama
Famous quotes related to merchant marine:
“I need not tell you of the inadequacy of the American shipping marine on the Pacific Coast.... For this reason it seems to me that there is no subject to which Congress can better devote its attention in the coming session than the passage of a bill which shall encourage our merchant marine in such a way as to establish American lines directly between New York and the eastern ports and South American ports, and both our Pacific Coast ports and the Orient and the Philippines.”
—William Howard Taft (1857–1930)
“People run away from the name subsidy. It is a subsidy. I am not afraid to call it so. It is paid for the purpose of giving a merchant marine to the whole country so that the trade of the whole country will be benefitted thereby, and the men running the ships will of course make a reasonable profit.... Unless we have a merchant marine, our navy if called upon for offensive or defensive work is going to be most defective.”
—William Howard Taft (1857–1930)