MarAd is the federal government’s disposal agent for ships of 1,500 gross tons or more, and has more than 100 ships awaiting disposal.
For years, however, states that use ships for reef building have had to absorb the entire cost. Preparing a ship for artificial reefing costs between $500,000 to $1 million, and higher in some cases. During the past five years, MarAd has transferred only one ship to a state.
In the fiscal year 2003 budget, Congress appropriated $31 million for MarAd’s ship disposal, some of which can now be used for reefing.
MarAd has also created a task force with the Environmental Protection Agency, National Oceanic and Atmospheric Administration, Coast Guard, Fish and Wildlife Service and Navy to develop “best practices” for cleaning vessels for reefing. In addition, the task force will develop an efficient application process for the states.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now