During the fiscal year 1928, 1,600 American and foreign ports participated in the foreign trade of the United States in which 5,100 vessels of 23,000,000 gross tons flying the flags of 28 countries transported 1,750,000 passengers and 100,000,000 tons of cargo valued at nearly $8,000,000,000.
The combined passenger and freight revenues approximated one billion dollars.
The percentage of cargo carried by American ships was one-third of the total in value and 40 per cent in volume. Twenty-eight per cent of the passengers were transported in American ships.
United States vessels of 100 gross tons and over taking part in our foreign trade during 1928 numbered 1,811 of 7,462,000 gross tons, consisting of 135 combination passenger and freight carriers, 1,001 general cargo vessels, 270 tankers, 1 refrigerator, 155 sailing ships and 249 barges.
British vessels numbered 1,734 of 8,000,000 gross tons and included 129 combination passenger and freight carriers, 1,145 general cargo ships, 209 tankers, 33 refrigerators, 101 sailing vessels and 117 barges. British vessels handled 30 per cent of the tonnage volume of our 1928 water-borne foreign commerce.