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)


Finance

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

Australia Warns DCNS after Security Breach

Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines,

Government Update

White House: Iranian Ships' Actions in Gulf Increase Risk of Miscalculation

Actions by Iranian vessels in several encounters with U.S. warships in the Gulf this week are cause for concern and increase risks of miscalculation, the White House said on Friday.

Cochin Port Gets a Little 'Breathing Space'

The Cabinet Committee on Economic Affairs of India, chaired by the Prime Minister Narendra Modi, has given its approval for waiver of penal interest on Government

Iran Vessels Make 'High Speed Intercept' of US Ship

Four of Iran's Islamic Revolutionary Guard Corps (IRGC) vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said, amid

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
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: 0.0834 sec (12 req/sec)