By Bill Finnecy A significant Capital Construction Fund (CCF) statute was amended on December 23, 2022, allowing more U.S.-flag vessel owners and operators to potentially benefit from this unique tax… Read More
Maritime Administration
A little-noticed (so far) revision to the 1936 Merchant Marine Act that took effect in December has greatly expanded the scope of a tax-deferral program designed to encourage fleet owners to expand and modernize their… Read More
The U.S. Maritime Administration has announced a notice of funding opportunity for more than $12 million in marine highway grant funds and noted changes to program, including a renaming. Formerly… Read More
The U.S. Department of Transportation’s Maritime Administration (MarAd) has officially announced close to $20 million in funding for its Small Shipyard Grant Program. The grant program, first funded in 2008,… Read More
On page 1,691 of the 4,155-page, $1.7 trillion funding package President Joe Biden signed into law December 29, 2022, were four lines that will go a long way in boosting… Read More
The U.S. Department of Transportation announced more than $703 million in Port Infrastructure Development Program grants to fund 41 projects in 22 states and one territory October 28. PIDP grants are… Read More
Washington, D.C.—With historically low water levels along the Mississippi River, the White House convened a virtual meeting with industry leaders and senior government officials who discussed around-the-clock dredging by key… Read More
Washington, D.C.—Leaders of a key House committee are demanding answers from the Biden administration on Jones Act waivers issued for delivery of fuel by foreign vessels to Puerto Rico following… Read More
The U.S. Department of Transportation’s Maritime Administration (MarAd) has awarded $4.1 million to Tidewater Barge Lines Inc. for the acquisition of equipment to expand the company’s regional barge service on… Read More
The U.S. Department of Transportation’s Maritime Administration (MarAd) announced September 15 the closing of a Federal Ship Financing Program (or Title XI) loan guarantee in the amount of just under… Read More
