The maritime administration publishes the 2023 budget

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The Maritime Administration (MARAD) recently released its budget proposal for fiscal year 2023, requesting $906.7 million.

Combined with advance credits from the bipartisan Infrastructure Act, MARAD would have nearly $1.4 billion in funding,

“President Biden’s budget request for the Maritime Administration would continue to build the resilience of the maritime transportation system that is critical to supporting our economic growth, our supply chain and our national security,” the acting administrator said. Lucinda Lessley. “MARAD’s budget request would fund critical sealift capacity, advance our efforts to replace aging sealift vessels, and expand our efforts to address climate change. It would also allow critical investments to continue to address the long-standing challenges of the US Merchant Marine Academy.

The budget request includes $318 million for the Maritime Security Program, $230 million for the Port Infrastructure Development Program, $99.7 million to continue priority investments to strengthen the U.S. Merchant Marine Academy, 92 $.3 million for MARAD operational requirements, $87.8 million for academic operating expenses to support approximately 1,010 midshipmen, $77.7 million for state maritime academy operations, $60 million $20 million for the Tanker Safety Program, $20 million for the Small Shipyard Assistance Grant Program, $6 million for the Vessel Disposal Program, and $3 million for the Guaranteed Loan Program maritime.

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