New Rules Proposed for MSP
Proposed rules imake program less publicly accountable.
New Rules Proposed for Maritime Security Program
On August 5, 2015, the U.S. Maritime Administration proposed new rules for the U.S. Maritime Security Program (MSP). MSP secures the services of 60 privately owned U.S.-flag vessels for the U.S. Government in exchange for an annual stipend currently set at $3.1 million. The largest participant in the Program is Maersk Line, Limited.
The Maritime Security Program was originally created in the Maritime Security Act of 1996 as a ten-year program. MSP was extended in the Maritime Security Act of 2003 to 2015 and then to 2025 in the Ike Skelton National Defense Authorization Act (NDAA) for Fiscal Year 2011. In the National Defense Authorization Act for Fiscal Year 2013, Congress made changes to the way the program works that the U.S. Maritime Administration has proposed implementing in the notice published in the Federal Register on August 5.
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Source: maritime-executive.com
