2010-11_ANNUAL_REPORTS_-_FINAL_VERSION_(3)

Appendix 10
Other Required Title XI Data
46 USC 53718 requires the Administrator to report the following additional information on the
Title XI Program to Congress annually:
2010
Appropriations Available For New Guarantees
As of September 30, 2010 there was $76,611,811 available for new guarantees.
Profiles Projects Approved Since Last Report
On March 29, 2010, the Maritime Administrator approved $22,743,000 of loan
guarantees for Foss Maritime Company to support construction of three double hull
bunker barges.
Projects in the Portfolio Facing Financial Difficulties
As of September 30, 2010, projects totaling $218,576,942 faced financial difficulties.
Profiles of Any Defaults since Last Report
In December 2, 2009, Hawaii Superferry, Inc. defaulted on $137,527,402 of Title XI
guaranteed debt that was secured by two passenger/vehicle ferries.
In February 28, 2010, American Heavy Lift Shipping Company defaulted on $91,043,890
of Title XI guaranteed debt that was secured by four tankers.
2011
Appropriations Available For New Guarantees
As of September 30, 2011, there was $60,601,812 available for new guarantees.
Profiles Projects Approved Since Last Report
On March 8, 2011, the Maritime Administrator approved $240,756,000 of loan
guarantees for Boldini, SA to support construction of 5 platform supply vessels for
service off Brazil.
On May 17, 2011, the Maritime Administrator approved $210,900,000 of loan guarantees
for OSG Delaware Bay Lightering LLC to support construction of 2 articulated tug
barges for service in the Delaware River.
On August 8, 2011, the Maritime Administrator approved $346,129,000 of loan
guarantees for Vessel Management Services Inc. to support construction of 3 articulated
tug barges for service in the Gulf of Mexico.
Projects in the Portfolio Facing Financial Difficulties
As of September 30, 2011, projects totaling $176,091,979 faced financial difficulties.
Profiles of Any Defaults Since Last Report
There were no defaults during FY 2011.
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