USA Maritime’s statement on the Application of Cargo Preference to Department of Energy Loan Guaranty Program

“USA Maritime applauds the application of cargo preference requirements by the U.S. Department of Energy to imported cargoes purchased with funds made available through its loans guaranty programs. While the Department of Energy has agreed to apply cargo preference as a matter of principle, partnership between government and industry will be essential to ensure its successful implementation.   USA Maritime pledges that it will work with the Department of Energy and the U.S. Maritime  Administration to identify a strong and mutually beneficial approach to cargo preference.” READ MORE