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Reacting to shipper complaints, MarAd may make it easier to move Eximbank-financed cargo on non-U.S.-flag ships.
Many U.S. shippers have long complained they've been shut out of world markets by laws reserving government-financed cargoes to American-flag ships.
Now change may be on the way.
Responding to shipper complaints, the Maritime Administration has proposed loosening U.S.-flag shipping requirements for high-valued project cargoes financed by loans from Export-Import Bank of the United States (Eximbank).
The changes wouldn't affect most cargo-preference shipments, which are dominated by military and agricultural cargoes not covered by Eximbank loans.
But Eximbank-financed cargo has increased in recent years and accounted for about 8 percent of cargo-preference cargo in 1994, according to MarAd figures. New figures expected to be released early in 1997 are expected to show even more growth. …