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

Shipbuilding

Keel Laid, Fabrication Started on 2 Navy Warships

This week, General Dynamics Bath Iron Works celebrated two milestone events for the Arleigh Burke-class program. On October 30, Bath Iron Works held a keel laying

AVEVA E3D Takes Center Stage

Customer case studies combine with advances in asset visualization and cloud technologies to showcase a new era in the creation and management of complex Digital Assets.

Braemar Hosts Insurance Experts

Braemar (incorporating The Salvage Association) welcomed an invited group of marine insurance professionals onto its specialist port and shipyard familiarization

Offshore

Partners Deliver Modular Floating Tidal Energy Platform

A group of offshore companies, including Bluewater, Damen and Van Oord among others, has partnered for a floating tidal energy platform a project to generate clean electricity,

Statoil Invests $1.5b in US Offshore Project

Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.

Experimental Floating Wind Farm Nears Installation

Launched in March 2012, the Fukushima experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry is nearing the installation

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.1230 sec (8 req/sec)