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Pending Applications

Applicant Shipyard Requested Loan Amount Status
Matson Navigation Company, Inc. Philly Shipyard, Inc. Philadelphia, PA $413,000,000 Letter commitment issued; awaiting guarantee closing

No. of Ships: 2

Types of Vessels/Projects: Containerships

Actual Cost to Applicant: $472,000,000

Requested Term: 25 yrs

Application Received and Accepted: Not Available


                                                          
River 2, L.L.C.                               LaShip, L.L.C. Houma, LA                  $141,556,758                   Application submitted; deficiency review in progress

No. of Ships: 1

Types of Vessels/Projects: River Cruise Vessel

Actual Cost to Applicant: $166,537,362

Requested Term: 15 yrs

Application Received and Accepted: 


River 3, L.L.C.                               LaShip, L.L.C. Houma, LA                  $147,548,050                   Application submitted; deficiency review in progress

No. of Ships: 2

Types of Vessels/Projects: River Cruise Vessel

Actual Cost to Applicant: $173,585,941

Requested Term: 15 yrs

Application Received and Accepted: 

Cameron Tugs, L.L.C.                    Tampa Ship, LLC                               $63,750,000                      Application submitted; deficiency review in progress

No. of Ships: 4

Types of Vessels/Projects: Tugs

Actual Cost to Applicant: $75,000,000

Requested Term: 12 yrs

Application Received and Accepted: 

 

Title XI Application Workflow

  • Application submitted; deficiency review in progress
  • Application complete and under review
  • Review complete; recommendation pending
  • Project approved; letter commitment pending
  • Letter commitment issued; awaiting guarantee closing

* If an applicant requests processing be stopped at some point, the above would be substituted with the following --

  • Application processing on hold at the request of applicant
  • Application withdrawn
Updated: Thursday, March 19, 2020