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Dates: 5 August 1948-9 August 1948
Heats
Repechages
Semi-finals
Final
| Rank | Name | Nation | Time |
| 1 | Merv Wood | AUS | 7:24.4 |
| 2 | Eduardo Risso | URU | 7:38.2 |
| 3 | Romolo Catasta | ITA | 7:51.4 |
| Semi-finals | |||
| 4 | Jack Kelly Jr. | USA | 8:09.7 |
| 5 | Tranquilo Cappozzo | ARG | 8:12.6 |
| 6 | Jean Séphériadès | FRA | 8:17.1 |
| 7 | Tony Rowe | GBR | 8:22.8 |
| Repechages | |||
| 8 | Ian Stephen | RSA | 7:35.6 |
| 9 | Hans Jakob Keller | SUI | 7:25.1 |
| 10 | Curt Brunnqvist | SWE | 7:27.0 |
| 11 | Mohamed El-Sayed | EGY | 7:44.8 |
| 12 | Juan Omedes | ESP | 7:57.3 |
| 13 | Faidon Matthaiou | GRE | 8:13.9 |
| 14 | Dragutin Petrovečki | YUG | 8:17.3 |