
A Maritime ‘Cash for Clunkers’ to Rejuvenate U.S. Commercial Fleet
U.S. shipping companies would receive subsidies to retire tankers and other vessels that are 20 to 25 years old and replace them with ships built in U.S. shipyards.

U.S. shipping companies would receive subsidies to retire tankers and other vessels that are 20 to 25 years old and replace them with ships built in U.S. shipyards.

Revival will depend on adoption of tools such as small modular nuclear reactors, greater automation and new logistics systems that make maritime transport more efficient and commercially attractive.

The U.S. Ready Reserve Fleet of cargo and fuel ships that move military gear around the world when needed for a conflict is in serious need of an upgrade. The fleet is aging and generally not ready for war.