Senators Urge to Boost Navy Budget

Tuesday, June 27, 2006
The Sun Herald has reported that 16 senators, including Mississippi Republican Trent Lott added their names to the list of lawmakers urging Defense Secretary Donald Rumsfeld to increase funding to the Navy in 2008 to pay for more ships. The lawmakers told Rumsfeld the new ships were needed to counter an emerging threat from the rapidly expanding Chinese navy.

The request comes on the heels of a similar call last week by 69 members of the House of Representatives, including Rep. Gene Taylor, a Bay St. Louis Democrat. The group wants Rumsfeld to up the Navy's budget proposal to $14.1 billion in fiscal 2008, which begins Oct. 1, 2007. That figure represents the amount that Chief of Naval Operations Adm. Michael Mullen says is necessary to meet the Navy's national security requirements. Lawmakers pointed out that although the Pentagon's budget has increased by more than 50 percent since Sept. 11, 2001, shipbuilding funds have shrunk by nearly 17 percent. The U.S. naval fleet currently numbers 280 ships, down from 341 in 2001. The 2006 Quadrennial Defense Review conducted by the Pentagon endorsed building a larger fleet. Some defense experts have predicted the Chinese navy will overtake the U.S. fleet in 2015. American shipbuilders have expressed alarm at the dangers posed by the shrinking American fleet. source: The Sun Herald

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

Ship Sales

KKR, Borealis Maritime JV acquires 9 container ships

KKR and Borealis Maritime today announced the acquisition of a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels

KKR & Borealis Maritime Acquire 9 Containerships

KKR and Borealis Maritime say they have acquired a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels were previously

G E Shipping Sells General Purpose Product Tanker

The Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to sell the 1991-built General Purpose Product Tanker Jag Prachi (28,610 dwt). The

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.0951 sec (11 req/sec)