Table 5-3 Maritime Security Program Participants, 2001

Table 5-3
Maritime Security Program Participants, 2001

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Participants Number of vessels
American Ship Management, LLC 9 containerships
Automar International Car Carrier, Inc. 3 roll-on/roll-off vessels
Central Gulf Lines, Inc. 3 roll-on/roll-off vessels
E-Ships, Inc. 3 containerships
First American Bulk Carrier Corp. 2 containerships
First Ocean Bulk Carrier-I, II, III, LLC 3 containerships
Maersk Line, Ltd. 4 containerships
OSG Car Carriers, Inc. 1 roll-on/roll-off vessel
U.S. Ship Management, Inc. 15 containerships
Waterman Steamship Corp. 3 LASH (barge-carrying ship) & 1 roll-on/roll-off vessel
Total 47 vessels

NOTE: Liner regularly scheduled service provider.

SOURCE: U.S. Department of Transportation, Maritime Administration, Office of Sealift Support, 2001.

  • The Maritime Security Act of 1996 (MSA) established the Maritime Security Program (MSP) under Title VI, Merchant Marine Act, 1936, as amended. The MSP replaced the operating-differential subsidy (ODS) program for liner operators.
  • The MSP has been authorized through fiscal year 2005, and provides for $100 million annually, subject to annual congressional appropriations.
  • The MSP supports 47 ships in international trade at a cap of $2.1 million per ship per year, which is less than half the cost of the ODS program. As of May 1, 2001, 12 U.S.-flag carriers were receiving MSP payments.
  • The MSP fleet's average ship age is less than 14 years old. Fourteen foreign-flag vessels, all less than 10 years old, have been changed to U.S. registry and entered in the MSP. One newly built vessel was substituted for a 25-year old MSP vessel in 1999.