MarAd Enhancement Act Moves Along

Friday, July 22, 2005
The U.S. Senate Committee on Commerce, Science, and Transportation unanimously reported The Maritime Administration Enhancement Act of 2005. The bill establishes a grant program to assist small shipyards for capital improvements and improve maritime training programs for small communities largely served by the maritime industry.

The bill also allows the Maritime Administration (MarAd) to use a portion of funds for the operation of the National Defense Reserve Fleet (NDRF) and proceeds recovered from vessel accident litigation and arbitration to be placed in a reserve fund to cover the costs of vessel maintenance, repairs, and replacements.

In addition, the Maritime Administration Enhancement Act requires students entering the Merchant Marine Academy to meet the same physical and mental standards required by the Department of Defense, and academy cadets would be permitted to train on certain foreign flagged vessels determined to be in the interest of national security. The bill clarifies the role of the Global Maritime and Transportation School which offers maritime education and training programs to public and private professionals located on the campus of Kings Point, home of the Merchant Marine Academy. Subject to appropriations, the bill increases the authorized payments for cadets enrolled to State Regional Maritime Academies to $500,000 by fiscal year 2008, easing the burden on states with maritime academies to train cadets more effectively.

The measure provides MARAD the flexibility to decide on the timing of ship and title transfer to foreign governments, U.S. territories, and States. Such a transfer to States is not permitted under current law. The Maritime Administration Enhancement Act also clarifies the roles of the Maritime Administrator and the Department of Defense in the loan guarantee process overseen by the Maritime Administration, and streamlines the cumbersome application process.


Shipbuilding

Intermarine's Industrial Skipper Completes Maiden Voyage

Intermarine, LLC announced the July delivery of the M/V Industrial Skipper from Shandong Huanghai shipyard in Rongcheng, China. The ship transported modules to Corpus Christi,

Schwarze-Robitec Offers Efficiency in Shipbuilding

Cruise ships, freighters or yachts require complex supply systems on board to  be able to travel long distances in the open sea. For the supply of oil and gas, for example,

New Bunker Vessel for Maxum Petroleum

Maxum Petroleum's newest bunker vessel Global Provider is currently under construction at Jesse Co. in Tacoma, Wash. and is expected to enter service in January 2017.

Offshore

New Offshore Gangway Launched at ONS

The new Barge Master Gangway will be presented at the joint booth of Barge Master and Bosch Rexroth during the international offshore trade exhibition ONS (Offshore Northern Seas) in Stavanger.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

STX to Slash Jobs, Sell Yard

To stay above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0774 sec (13 req/sec)