Latest Breaking News On - Ship financing program - Page 9 : vimarsana.com

© DJ / Adobe Stock For operators venturing into the offshore wind space, 2021 started off with a gust of changes and reports. From Jones Act clarifications and new enforcement authorities, to millions in port infrastructure funding, the new Congress and presidential administration will have plenty of tools available to shape the future of the industry’s development. NDAA brings Jones Act changes One of the most persistent questions that has hung over the development of the U.S. offshore wind industry has been whether the Jones Act will apply during both the construction and operational phases. The Jones Act, of course, requires the use of U.S.-flag coastwise-qualified vessels when transporting merchandise between two U.S. points. The Jones Act’s reach is extended offshore through the Outer Continental Shelf Lands Act (OCSLA), which was originally enacted by Congress to govern the exploration, development, and production of “minerals” on the U.S. Outer Continental Shelf (O

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