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Maritime Administration Awards MSP Operating Agreement to Ocean Shipholdings, Inc.

Published Jan 7, 2011 10:24 AM by The Maritime Executive

The Maritime Administration has approved the award of a new Maritime Security Program operating agreement to Ocean Shipholdings, Inc., a U.S. citizen-owned company.

Feb. 12, 2009: The new agreement, MA/MSP-108, provides for the operation of the product tanker Baltic Mariner in the MSP. Under the agreement, the vessel is required to re-flag under U.S. documentation and employ U.S. citizen merchant mariners.

In addition to other specific commercial and military criteria, Ocean Shipholdings qualified for the award based on its status as a U.S. citizen-owned company as defined in Section 2 of the Shipping Act of 1916. (Ref: B09-06)