Jim Kearns, special counsel in the Maritime Practice Group, authored the article "Capital Construction Fund Benefits for Shipbuilders" published by Waterways Journal on March 13, 2026. In the article, Jim explains how the US Maritime Administration's Capital Construction Fund (CCF) program allows shipbuilders to set aside earnings tax‑free to build new vessels or make major upgrades at US shipyards. He outlines the key benefits of the CCF program, which include deferring taxes to enhance cash flow, enabling tax-free growth of funds, and bolstering the US shipbuilding industry.