02 Dec 2020
Streamlining and Simplifying US Government Guaranteed Vessel Financing
The Maritime Administration (MARAD) has taken several steps to streamline and simplify the Federal Ship Financing Program under Chapter 537 of Title 46 of the U.S. Code (commonly referred to as Title XI). The Title XI program provides for a full faith and credit guarantee by the United States government to promote the growth and modernization of the U.S. merchant marine and U.S. shipyards. The Title XI Program supports U.S.
09 Nov 2020
Working Out the Election’s Impact on the US Workboat Industry
By the time this article is published, voting will have concluded in the 2020 United States presidential election. Based on the possibility of legal challenges to the election, however, it may be some time before we know who will be occupying 1600 Pennsylvania Avenue on January 20, 2021. Additional uncertainty may linger with regard to control of the Senate. However, beyond the general spectacle of American politics, an important question remains: What does this election mean for the U.S.
08 Sep 2020
Congress Eyes Maritime Economic Relief
The Coronavirus Aid, Relief and Economic Security (CARES) Act enacted in March 2020, provided relief to numerous industries impacted by the COVID-19 pandemic. Air carriers, for example, benefitted from the creation of a $25 billion Treasury direct loan program, in addition to a $25 billion worker support program that provides a mix of grants and loans to cover employee wages, salaries and benefits.
18 Feb 2020
The Federal Government’s 2020 Inland Impact
It is often difficult to push through the federal government morass to focus on the issues that actually matter to the inland operator. While 2020 inevitably will be a contentious year in American politics, it is critical to stay focused on the items that will have direct impact on the U.S. maritime industry. From a potential new Water Resources Development Act (WRDA) bill to potential Jones Act challenges…
15 Jan 2020
The Good, the Bad and the Undeniably Ugly
The end of 2019 promises to be a busy, and potentially discordant, legislative and regulatory period for the United States maritime industry as both Congress and the Executive Branch look to take decisive action, with both positive and negative potential impacts depending on your perspective. With appropriation and authorization bills still pending, and various open regulatory actions, there are significant…
15 Apr 2019
WASHINGTON WATCH: A Tale of Two Fleets
Mixed Government Support for U.S. Shipbuilding.It has been a busy start to the 116th Congress for the U.S. shipbuilding industry, with three congressional hearings in early March focused on the industry’s role as a critical component of the U.S. national security industrial base. In addition, the Consolidated Appropriations Act, 2019, which was signed into law on February 15, contained mixed news for shipbuilding programs.
21 Feb 2019
Maritime Challenges: A Time to Act Boldly
Maritime Challenges in the 116th Congress.The 116th Congress, with its now Democrat-controlled House and 110 newly-elected members, faces a choice. On one hand, Congress can continue to pursue the status quo, supporting U.S.-flag vessel operators and domestic port infrastructure development through existing programs, with suboptimal results. On the other, the 116th Congress can choose to be bold. It can recognize that the U.S.-flag fleet…
19 Mar 2018
Trump Proposes Boost to Maritime Infrastructure Investment
On February 12, President Trump released his highly anticipated infrastructure proposal, a “Legislative Outline for Rebuilding Infrastructure in America.” Unlike prior federal infrastructure development strategies, which rarely discussed the need for maritime infrastructure investment, the proposal places maritime infrastructure on equal footing with other surface transportation modes in terms of potential funding opportunities.