2026-11755NoticeWallet

Foreign Vessel M/V LIVE BAIT III Eyes U.S. Waters

Published Date: 6/11/2026

Notice

Summary

The Maritime Administration is checking if a foreign-built small passenger boat, the M/V LIVE BAIT III, can be used for U.S. coastal trips without hurting American boat builders or businesses. If you have thoughts, you’ve got until July 13, 2026, to share them. This could open doors for new boats but also affects local shipbuilders and operators.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Possible harm to U.S. boat builders

MARAD is considering whether the foreign-built M/V LIVE BAIT III may be allowed to operate in U.S. coastwise trade carrying no more than 12 passengers for hire. If MARAD approves the request, interested parties may argue the decision would have an undue adverse effect on U.S. vessel builders or coastwise trade businesses that use U.S.-built vessels. MARAD is accepting comments on this potential adverse effect through July 13, 2026.

Foreign-built vessel may gain coastwise use

Under 46 U.S.C. 12121(b), MARAD may determine that an eligible small passenger vessel (authorized to carry no more than 12 passengers for hire) can receive a coastwise trade endorsement. MARAD has received a determination request for the foreign-built M/V LIVE BAIT III; if MARAD and the Coast Guard approve, that vessel could be documented for coastwise trade. MARAD is taking public comments on this request until July 13, 2026.

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Key Dates

Published Date
Comments Due
6/11/2026
7/13/2026

Department and Agencies

Department
Independent Agency
Agency
Transportation Department
Maritime Administration
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