Sustainable Marine Transportation Industry News

MARAD Seeks Public Comment on Title XI

The Maritime Administration (MARAD) said it is asking for public comment on a proposed policy regarding the factors for obtaining loan guarantees through the Maritime Guaranteed Loan Program, Title XI. Title XI is a discretionary program that provides loan guarantees for vessel construction in U.S. shipyards, helping to create maritime-related jobs. The proposed policy is intended to further promote a modernized and more environmentally sustainable marine transportation industry by including the consideration of various environmental initiatives…