Federal Register: Interim Rule to MARAD Title XI Vessel and Shipyard Financing Program

Maritime Administration (MARAD), Department of Transportation, has issued new regulations intended to streamline and modernize the Title XI Vessel and Shipyard Financing Program. The program can support financing for eligible U.S.-flag vessel construction, reconstruction, reconditioning and repair, including barges and towboats, as well as qualifying U.S. shipyard modernization. MARAD Title XI financing offers longer repayment periods and Treasury-based financing that can be more favorable than conventional maritime lending.   This