The US government unveiled some lucrative business for local shipowners, most of it as part of a new national security scheme to ensure military fuel supplies in times of international crisis.
The US Department of Transportation’s Maritime Administration (MARAD) formally announced that it has enrolled nine ships under its Tanker Security Program (TSP).
Set up under the 2021 National Defense Authorization Act, the TSP was modelled after the Maritime Security Program, which gives the US military access to 60 merchant ships in case of foreign conflict or national emergencies.
