By providing long-term debt repayment guarantees, the U.S. Maritime Administration’s Title XI Federal Ship Financing Program is intended to encourage U.S. shipowners to obtain new vessels from U. S. shipyards cost effectively and to assist U.S. shipyards in modernizing their facilities for building and repairing vessels. Which would all be great, if more applications under the Title XI regulations actually received approval in a timely manner.
Last year, in a move to encourage offshore wind...
https://www.marinelog.com/legal/regulations/marad-updates-title-xi-regulations/