Hearing on FY11 budget: USCG, MARAD, FMC

Monday, March 01, 2010

The Subcommittee on Coast Guard and Maritime Transportation of the House Committee on Transportation and Infrastructure conducted a hearing on the FY 2011 Budget for the Coast Guard, the Maritime Administration, and the Federal Maritime Commission. The Subcommittee noted that budget request for FY 2011 represented a 0.4% decrease for the Coast Guard; a 3% decrease for MARAD; and a 5.8% increase for the FMC. Committee Chair James Oberstar (D - MN) expressed great concern regarding the projected decrease in the Coast Guard’s operational capabilities mandated by the proposed budget and the fact that the budget would provide no monies for either the Assistance to Small Shipyards program or the Title XI Loan Guarantee program. Subcommittee Chair Elijah Cummings (D-MD) noted that the Coast Guard would lose over 1,000 military billets under the proposal. Admiral Thad Allen, Commandant, US Coast Guard, testified about how the service will accommodate the reduced funding envisioned in the budget request. Mr. David Matsuda, Acting Administrator, Maritime Administration, testified that the proposed funding level is sufficient to sustain current service levels for the full range of MARAD program operations and activities. Mr. Richard Lidinsky, Chairman, Federal Maritime Commission, explained the role of the FMC. Mr. Stephen Caldwell, Government Accountability Office, focused on the Coast Guard budget and testified that the Coast Guard is reducing funds for current assets and missions to increase funds for its top budget priority – long-term recapitalization of vessels and aircraft. This will result in a short-term decline in mission performance. (2/25/10).

(Source: Bryant’s Maritime News)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Moody's: Challenges Ahead for Asian Port Operators

Moody's Investors Service says lackluster global growth, weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

US Oil Drillers Add Rigs for 5th Week in a Row

U.S. drillers this week added oil rigs for a fifth consecutive week, Baker Hughes Inc said on Friday, but the oilfield services provider and some analysts cast

Government Update

Libyan Oil Exports to Resume from Closed Ports

Libyan oil exports from closed ports should resume in no more than one to two weeks after a deal was signed between the government and an armed brigade controlling the terminals,

China, Russia Navies to hold S. China Sea Drills

China and Russia will hold "routine" naval drills in the South China Sea in September, China's defence ministry spokesman Yang Yujun told a news conference on Thursday.

India Govt, Cochin Shipyard Pact on FY17 Growth Targets

Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MoU)  with the government of India for the ongoing fiscal under which targets agreed

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators Sonar
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: 0.0795 sec (13 req/sec)