Page 29: of Marine News Magazine (April 2017)

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Owen Doherty is the Associate Administrator for Business and Finance Development.

Of? ces under his portfolio manage the Federal Ship Financing program, Capital Con- struction Fund, Capital Reserve Fund, Small Shipyard grants, Marine Insurance, and

Fair and Reasonable Rate determinations.

business – but in how our nation per- ceives the value of the maritime in-

The MARAD FSFP and SSG programs can be found on the MARAD website along with the Pro- dustry -- is a must. gram Manager information at www.marad.dot.gov. Other MARAD programs include the Capital

Construction Fund and Capital Reserve Fund providing deferred tax bene? ts for U.S. shipbuilders.

The answers are varied and com- plex, but it can be traced back to the

DISCLAIMER: References to any non-Federal product, entity, or enterprise herein are made shipbuilders’ “order book.” To attract for illustrative purposes only and are not intended to imply endorsement by the U.S. Depart- orders, vessels need to be delivered ment of Transportation or the Maritime Administration.

on-time, within budget, be well built and competitively priced. In domestic trade, the market remains relatively strong for U.S.-