Abstract
A healthy shipbuilding industry requires restoration of "normal" economics to the business of furnishing cargo ships to the American Merchant Marine. Ground rules must strengthen the buyer-seller relationship, encourage maximum selling and proposal efforts, inspire shipyard inventiveness and research and development, allow individual yard standardization of plans, and give value to a builder's reputation for fair dealing, superior design, and good quality. Reduced dependence on direct government subsidy is essential to a healthy industry and should be sought through shipyard participation in financing, performance-type specifications, and an improved favorable tax structure.
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