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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Key Dates
Department and Agencies
Related Federal Register Documents
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Previous / Next Documents
Previous: 2025-07002 — Request Notice: Use of Foreign-Built Small Passenger Vessel in United States Coastwise Trade, M/V Reset
MARAD is checking if a foreign-built small passenger boat, the M/V Reset, can be used for U.S. coastal trips carrying up to 12 passengers. They want to hear from folks who might be affected, like U.S. boat builders and businesses using American-made vessels, before making a decision. If you have thoughts, now’s the time to speak up—this could impact who gets to sail where and when.
Next: 2025-07004 — Request Notice: Use of Foreign-Built Small Passenger Vessel in United States Coastwise Trade, S/V ROCKETSHIP
The government is checking if a foreign-built small passenger boat called S/V ROCKETSHIP can be used for trips along the U.S. coast. They want to make sure this won’t hurt American boat builders or businesses that use U.S.-made boats. People have a chance to share their thoughts before a final decision is made, so keep an eye out if you’re involved in coastal boat trips or building boats!