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The article reports on the decision of the French Ministry of Transport to terminate the subsidies to the luxury liner France, which is considered as the longest ship in the world. It states that the ship has lost about 24 million dollars in 1973 because of its failure to divert many passengers from the jets. It also notes that the 80 million dollar-liner will be sold at the price of about 15 million dollars.

Focuses on the tax break scheme introduced by the French government to boost the country's shipping sector. Subsidies in shipbuilding approved under the scheme; Importance of the scheme to the industry's competition with the Far Eastern market; Impact of the scheme to shipyards. INSET: Geared for growth..