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Defense bill reauthorizes MSP program through 2025

Regulatory

Monday, January 07, 2013

President Obama last week signed the National Defense Authorization Act, which will reauthorize the Maritime Security Fleet Program (MSP), providing financial support to 60 ships to partially offset higher operating costs under the U.S. registry. Sen. Frank Lautenberg, D-N.J., said in a press release that the law will provide certainty to the military and ship owners by reauthorizing the program through 2025. But Liberty Maritime, a New York-based shipowner, said ...

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