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Trade & Logistics

31 August 2026

US cuts costs and red tape in shipbuilding finance overhaul

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Source reporting: Splash247

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US cuts costs and red tape in shipbuilding finance overhaul

Washington has overhauled the rules governing its Title XI ship and shipyard financing programme, lowering application costs and removing a potential bottleneck for projects using foreign equipment. The US Maritime Administration’s interim final rule took effect on August 28 and cuts the Title XI application fee from $5,000 to $1,000. The agency has also replaced …

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