A bill to authorize appropriations for fiscal year 1999 for the Maritime Administration and for other purposes.

Authorizes specified appropriations for the Maritime Administration of the Department of Transportation for: (1) operations and training (including a discretionary set-aside for a maritime information clearinghouse); and (2) loan guarantee program expenses.

Authorizes the Secretary of Transportation to convey named vessels to purchasers, at fair market value, for: (1) use as a floating trade exposition to showcase U.S. technology, industrial products, and services; and (2) reconstruction for sale or charter.

Allows a specified amount of funds appropriated under the authority of this Act to be available for the establishment at a State Maritime Academy of a clearinghouse for maritime information that makes information publicly available, including through the Internet.

Amends the Merchant Marine Act of 1936 to allow the President's approval of war risk insurance or reinsurance for a vessel to be indicated by the signature of the President or the President's designee on the agreement to issue the insurance or reinsurance.

Authorizes the transfer of: (1) a specified vessel to the Ohio War Memorial, Inc., in Sandusky, Ohio, for use as a memorial to Ohio veterans; and (2) other unneeded equipment from other National Defense Reserve Fleet vessels to restore the conveyed vessel to museum quality.