Our Mission
* Assist ongoing efforts to make U.S.
shipyards internationally competitive
* Promote the growth and modernization of
the U.S. merchant maritime.
The Federal Ship Financing
Program Provides
* A U.S. government guarantee of private
sector debt financing
* Fixed or floating interest rates
comparable to those available to large and financially strong
corporations.
* Long-term amortization of up to 25 years.
* Financing of up to 87.5% of a project’s
cost.
Who We Serve
* Vessel owners/operators
* U.S. shipyards
* Financial institutions
* Maritime industry professionals
* Other maritime-related industries
Services We Provide
* We finance commercially viable projects
and assume prudent risks.
* We provide program information through
seminars and meetings, brochures, telephone conversation and through our
web site.
* We arrange pre-application meetings
between applicants and Maritime Administration staff.
* We provide technical assistance for
ensuring complete applications.
Our Commitment to You
* We will evaluate the completeness of your
application and provide you with an initial response generally within
10-14 days.
* We will return your phone calls within 24
hours.
* We will respond to your information
requests within 1-3 days.
* We will provide you with status reports
of your application progress on request.
* We will process a complete application
generally within 60 days.
* We will treat you with respect and
courtesy at all times.
Contact Information
Headquarters:
U.S. Department of Transportation
Maritime Administration
Director, Office of Shipyards and Marine Financing
1200 New Jersey Avenue, SE
Washington, D.C. 20590
Phone: (202) 366-5744
Fax: (202) 366-7901