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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

Press Release

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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...

DOT Joins New Federal-State Partnership to Expand Domestic Offshore Wind Supply Chain

MARAD Announces Priority Financing for Offshore Wind Vessels  

WASHINGTON, D.C. - The Department of Transportation’s (DOT’s) Maritime Administration (MARAD) announced the designation of offshore wind vessels as Vessels of National Interest making them eligible for financial support through the Title XI Federal Ship Financing Program (Title XI). This designation will facilitate more offshore wind construction and will prioritize applications for such projects for review and funding through Title XI.