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MARAD Announces New Initiatives to Support Cargo Preference Compliance

WASHINGTON, D.C. – The U.S. commercial shipping industry is critical to our economy and national security, and the Maritime Administration (MARAD) is focused on sustaining and growing American shipping capacity. This week during testimony before the Subcommittee on Coast Guard and Maritime...

Maritime Administration Announces Latest Title XI Loan Closing

WASHINGTON, D.C. – The U.S. Department of Transportation’s Maritime Administration (MARAD) announced today that Canal Barge Company, Inc., headquartered in New Orleans, Louisiana, received a Federal Ship Financing Program (commonly known as “Title XI”) loan guarantee amount of $51,458,000 over...