Assistance program
Federal Ship Financing Guarantees
$18.4 Million committed in FY2018–FY2020
- Agency
- Maritime Administration, Transportation, Department of
- Assistance
- Guaranteed/Insured Loans
- CFDA number
- 20.802
- What it does
- To finance eligible vessels and shipyards to promote the growth and modernization of the U.S. Merchant Marine and U.S. shipyards. The Federal Ship Financing Program (commonly referred to as "Title XI" based on the part of the Merchant Marine Act of 1936 that established the program) provides long-term loans by the Maritime Administration (MARAD). Through these loans, the Title XI Program encourages U.S. shipowners to obtain new vessels and recondition existing vessels with U.S. shipyards cost effectively. It also assists U.S. shipyards with modernizing their facilities for building and repairing vessels to strengthen competitiveness and support increased productivity.
- Who benefits
- U.S. shipowners, or eligible U.S. shipyards.
- Who applies
- An individual, corporation, partnership, limited partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or other acceptable legal business entity, government, or any agency or political subdivision thereof seeking to finance the construction, reconstruction or reconditioning of an eligible vessel or finance modernization of a domestic shipyard.
- Authorized by
- 46 U.S.C. § Chapter 537
Committed by fiscal year
How the money flows
Committed dollars by how this program's money is paid out.
Loans
$21.8M
100%
Top recipients
By dollars committed.
How to read these numbers
- Committed through this program
Money committed under this assistance listing (its CFDA program), counted in the year each action happened.
- How it's paid
Most programs pay out one way — a grant, or a direct payment to individuals; the flow bar only appears when a program genuinely mixes types.
- Some recipients aren't itemized
For entitlement programs like Social Security and Medicare, the government reports one aggregate instead of naming tens of millions of people, so the recipient roster isn't part of the public record.
- Awards, counted once
An award count is the number of distinct awards with at least one action that year — each counted once, however many times it was amended.
- The colored bars
Every bar on this page splits by how the money moves:
Direct payments