Boat Named 'Retained Earnings' Seeks U.S. Coastwise Trade Waiver – WTF?
Published Date: 4/23/2025
Notice
Summary
MARAD is checking if a foreign-built small passenger boat, the M/V RETAINED EARNINGS, can be used for U.S. coastal trips carrying up to 12 passengers. They want to make sure this won’t hurt American boat builders or businesses using U.S.-built vessels. If you have thoughts, now’s the time to speak up before a final decision is made!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Possible Harm to U.S. Boat Builders
MARAD is asking whether allowing the foreign-built vessel M/V RETAINED EARNINGS to operate in U.S. coastwise trade could have an adverse effect on U.S. vessel builders or U.S. coastwise trade businesses that use U.S.-built vessels. The request covers a small passenger vessel proposed to carry no more than twelve passengers for hire, and MARAD is soliciting comments before making a final determination.
Request Could Allow Foreign Vessel Use
The Maritime Administration is evaluating a request to allow the foreign-built M/V RETAINED EARNINGS to engage in U.S. coastwise service carrying up to 12 passengers for hire. If MARAD grants the determination, the vessel could be used for those U.S. coastal passenger trips pending the agency's final decision.
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