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CURRENT ISSUE

OFFSHORE WIND
What size market will offshore wind farms create for the U.S. marine industry?

Huge
Quite substantial
Limited
Negligible

February 2, 2010

Budget ax whacks MARAD

The U.S. Maritime Administration has once again fallen victim to budgetary ax swingers. Only $352 million has been requested for the agency, which in FY 2010 actually got $433 million as opposed to the $363 million enacted. Gone from the FY 2011 is $118 million in small shipyard grants and only $10 million is requested for the ship disposal program (down from $15 million in FY 2010). Just $3.7 million is requested for the Maritime Guaranteed Loan Program (Title XI), to fund its administrative costs.

$164.4 million is requested for the Operations and Training account. This is a $14.6 million increase above FY 2010 enacted levels.

A request of $100 million for the U.S. Merchant Marine Academy (USMMA) includes $30.9 million (a $15.9 million increase) to make needed renovations to existing campus facilities. It also includes $6 million to repay students for Midshipman fee overcharges.

$15 million will be dedicated for State Maritime Academies and their activities.

$49.3 million is requested for MARAD operations and programs.

The Maritime Security Program is pegged at the same level as FY 2010--$174 million ($2.9 million per ship) to ensure 60 privately owned militarily useful vessels are available to meet National Defense requirements and other national needs.


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