U.S. Transportation Secretary Pete Buttigieg tours the Port of Alaska in Anchorage, Alaska, August 15, 2023. Photo: Twitter/SecretaryPete
The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced plans to allocate $4.8 million in Fiscal Year 2024 funds to the United States Marine Highway Program (USMHP).
The amount is significantly less than the $12 million awarded in FY 2023 and the $39 million granted in FY 2022, which included $25 million through President Biden’s Bipartisan Infrastructure Law and an additional $14.8 million via the 2022 Appropriations Act.
The USMHP is committed to projects that encourage the movement of freight on America’s navigable waterways, which offer more efficient transport than rail and road.
Since the start of the Marine Highway Program, MARAD has granted more than $103 million to eligible public and private organizations for marine highway services.
Assessment criteria for USMHP funding include the impact on movement of goods, the level of non-federal funding investment, project readiness, and considerations for climate change and sustainability, equity, and workforce development.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,202 members that receive our newsletter.
Have a news tip? Let us know.
LONDON/BERLIN Nov 14 (Reuters) – Germany has refused to allow a Russian liquefied natural gas shipment at the Brunsbuttel terminal in northern Germany in line with Berlin’s policy not to import LNG from Russia, industry...
Hapag-Lloyd's CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for trade and a health barometer for the world economy.
Brussels-based Kpler has announced its acquisition of Spire Maritime, a leading provider of satellite-powered vessel tracking data. This strategic acquisition aims to bolster Kpler’s position in the global trade intelligence...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,202 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
