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 Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Burger Boat to Build New Passenger Vessel

Burger Boat Company announced that it has received a contract for the construction of an 89-foot (27-meter) steel passenger vessel for Wendella Sightseeing Company, Chicago, Ill.

Metal Shark’s New Yard Now Operational

Louisiana-based boat manufacturer Metal Shark announced it has commenced operations at its new shipyard, where the first of its recently announced Endurance-class catamarans is now in production.

DNV Type Approved Anchor Winch for the Arctic Prowler

JK Fabrication has landed DNV certification for its 40-30-3000-DNV series Anchor Winch. Culminating a two-year process, JK’s C-series winch was at last awarded

Offshore

BOEM Extends O&G Lease Comment Period

The Bureau of Ocean Energy Management (BOEM) is extending the public comment period for the Request for Information (RFI) and Comments on the Preparation of the

Total E&P is First to Use FROG-XT4

Total E&P is the first to use Reflex Marine’s newly developed FROG-XT4 on the Odudu field in Nigeria. The French operator purchased the crew transfer device

New Standard gets Revised Program for Cooper Basin Approved

New Standard Energy Limited (New Standard) advises that it has received approval for amendments to its five year work program in PEL570 in the Cooper Basin. As part of the revised program,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Port Authority Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1148 sec (9 req/sec)