2025-07002NoticeWallet

Mysterious 'M/V Reset' Foreign Vessel Seeks Coastal Approval

Published Date: 4/23/2025

Notice

Summary

The Maritime Administration is asking for public comments on whether a foreign-built small passenger vessel, the M/V Reset, should be allowed to operate in U.S. coastal trade. This decision affects U.S. boat builders and businesses using U.S.-built vessels, with comments due by May 23, 2025. The goal is to make sure this won’t hurt American shipbuilders or coastal businesses before giving the green light.

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 small passenger vessel M/V Reset to operate in U.S. coastwise trade would have an undue adverse effect on U.S. vessel builders or coastwise trade businesses that use U.S.-built vessels. Interested parties may submit comments to docket MARAD-2025-0042 by May 23, 2025, explaining and documenting any adverse effect.

Eligibility rule for small passenger vessels

Under 46 U.S.C. 12121(b), the coastwise trade determination being considered applies only to small passenger vessels authorized to carry no more than 12 passengers for hire. MARAD may determine that a foreign-built vessel like the M/V Reset can receive a coastwise trade endorsement if it finds the vessel's use will not adversely affect U.S. builders or U.S. coastwise trade businesses.

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Key Dates

Published Date
4/23/2025

Department and Agencies

Department
Independent Agency
Agency
Transportation Department
Maritime Administration
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