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MARAD APPROVES TITLE XI SHIP-CONSTRUCTION LOAN GUARANTEE FOR GRAY OFFSHORE, LLC. – The Maritime Administration today announced the approval of a $12 million Title XI loan guarantee supporting the recent construction of three oceangoing deck barges. The JULIUS, CORDIE and...
New Vessels Will Create Jobs, Increase Amount of Cargo Moved Between Florida and Puerto Rico
WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced the approval of a $324.6 million Title XI loan guarantee to TOTE Shipholdings, Inc., to finance the...
MARAD Requesting Comment on Title XI Evaluation Criteria. The Maritime Administration 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...