Table 5-3 Maritime Security Program Participants, 2001
Maritime Security Program Participants, 2001
|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|
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.