Who will build and finance the largest, safest, greenest, most profitable passenger ship in the world?
America World City — $60 million and two decades invested in the design, engineering and program development; reviewed and accepted by USCG and ABS; equity and vendor financing available; contract-ready.
The project’s Title XI application was thoroughly reviewed by the United States Maritime Administration [MARAD](1995-2000) but terminated without prejudice after the American Classic Voyages’ default. Rather than break the logjam, on May 9, 2012, MARAD announced a new “policy” prohibiting the financing of overnight passenger ships in the United States.
The city-ship will be built. It can and should be built in the United States for operation under the American flag, creating thousands of jobs and generating billions in tax revenues. Instead of just marveling at the growth of the foreign-flag cruise sector*— MARAD should focus on its mission to promote the US maritime industry and merchant marine.