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.

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


BIMCO Signs New LNG And Shipbuilding Supervision Contracts

The twice yearly meeting of BIMCO’s Documentary Committee took place in Hamburg on 19 November. In his first meeting as Chairperson of the Committee, Belgium’s

Damen Marine Components Opens Jiangyin Plant

Damen Marine Components (DMC) is proud to announce the opening of its brand new facility in Jiangyin, China.Those present at the opening ceremony included CEO

Henriksen Unveils Strongest SOLAS Boat Lifting Hook

H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release


Sandra Weakens to Tropical Storm off Mexico's Coast

Hurricane Sandra weakened to a tropical storm on Friday and was expected to continue losing strength as it approached Mexico's Pacific coast, the U.S. National Hurricane Center (NHC) said.

Extended Warranty from Yanmar for Sailboat Engines

Yanmar Marine International B.V. has introduced an extended 3 years’ period of YANMAR Limited Warranty for Sailboat Engine Models. This extended warranty of

Fugro's Havila Harmony to join MH370 Search

Fugro is providing an additional vessel, the Havila Harmony, to join the search for the missing flight MH370 in the southern Indian Ocean. From the 93-metre multi-role vessel,

Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Sonar 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: 0.0885 sec (11 req/sec)