The US Maritime Administration (MARAD) has published an interim final rule revising the entire regulations that govern its Vessel and Shipyard Financing Program, commonly known as the Title XI program. According to MARAD, the changes are intended to modernize the program, streamline requirements, and align the regulations with current federal financing practices. The rule is Docket No. MARAD 2026-1288 and can be found at 91 Fed. Reg. 55486. It became effective on August 28, 2026, and MARAD is accepting public comments through October 27, 2026.

Learn more about the new MARAD Title XI regulations.