• ITVI.USA
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    108.680
    0.7%
  • OTLT.USA
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    -0.001
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  • OTRI.USA
    22.010
    -0.060
    -0.3%
  • OTVI.USA
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    100.010
    0.6%
  • TSTOPVRPM.ATLPHL
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  • TSTOPVRPM.CHIATL
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  • TSTOPVRPM.LAXDAL
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  • TSTOPVRPM.LAXSEA
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  • WAIT.USA
    126.000
    0.000
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  • ITVI.USA
    15,948.420
    108.680
    0.7%
  • OTLT.USA
    2.798
    -0.001
    0%
  • OTRI.USA
    22.010
    -0.060
    -0.3%
  • OTVI.USA
    15,936.600
    100.010
    0.6%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
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  • TSTOPVRPM.LAXDAL
    3.550
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    6.3%
  • TSTOPVRPM.PHLCHI
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    10.5%
  • TSTOPVRPM.LAXSEA
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    6.5%
  • WAIT.USA
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    0.000
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American Shipper

APPROPRIATIONS COMMITTEE APPROVES $100 MILLION FOR TITLE XI PROGRAM

APPROPRIATIONS COMMITTEE APPROVES $100 MILLION FOR TITLE XI PROGRAM

   The Senate Appropriations Committee has approved a bill appropriating the highest level ever — $100 million — for the Maritime Administration’s Title XI shipbuilding loan guarantee program.

   The committee’s action is in sharp contrast to the Bush Administration’s budget request — which was for zero funding for the upcoming fiscal year.

   The bill also includes approximately $4 million to administer the program. It is expected to be called up on the Senate floor during the week of July 23.

   The vote followed a letter from 38 Senators backing the $100-million funding figure.

   “We are ecstatic that the Committee has approved this necessary boost to the program,” said Allan Walker, President of the Shipbuilders Council of America.

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