Summary List Placement
At the time ocean shipping took over the world, America gave up on the shipping industry.
In 1960, when the world moved 1.2 million tons of goods via ship, the American fleet comprised 16% of the world’s total cargo shipping power. By 2019, global trade shot up to 10.7 million tons — but America’s domestic carriers are moving just a sliver of it. The US Merchant Marine now makes up just 0.2% of the world’s vessels.
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