Marine Link
Sunday, September 24, 2017

MARAD Seeks Public Comment on Title XI

February 21, 2014

Acting U.S. Maritime Administrator Chip Jaenichen

Acting U.S. Maritime Administrator Chip Jaenichen

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, such as converting vessels to use alternate fuels, in its evaluation of Title XI loan guarantee applications.

MARAD said it will consider comments when formulating a final notice. The public is invited to submit comments through Docket Number MARAD-2014-0011 during the 30-day public comment period, which will open on February 24 and expire on March 26.

Maritime Reporter Magazine Cover Sep 2017 - Maritime Port & Ship Security Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News