The purpose of this executive order is to the strengthen the United States maritime industry which currently produces less than one percent of commercial ships globally. It calls for the creation of a Maritime Action Plan (MAP) to help achieve that goal. The order creates a Maritime Security Trust Fund whose purpose is to serve as a reliable funding source to deliver consistent support for MAP programs and incentivize private investment in the maritime industry. The MAP will also be used to expand mariner training and education and modernize the Merchant Marine Academy.
News | April 9, 2025