MarAd finalizes licensing process for deepwater export facilities

The following is the summary of a final rule published in the Federal Register:

(WASHINGTON) — This notice serves to inform interested parties and the public of the Maritime Administration's (MarAd) final policy to accept, evaluate and process license applications for the construction and operation of offshore deepwater port facilities for the export of oil and natural gas from the United States to foreign markets abroad and to use the existing deepwater port regulations for such purposes. On Oct. 16, 2014, MarAd published a notice in the Federal Register seeking public comment on a draft policy under which such export applications would be accepted and processed. In response, the agency received 337 comments.

Click here to view the final rule.

By Professional Mariner Staff