MARAD Announces $9.46 Million Shipyard Grant

MarineLink.com
Wednesday, July 24, 2013
Paul Jaenichen (Photo: MARAD)

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $9.46 million to help improve 12 shipyards in 10 states. The grants, provided through the Small Shipyard Grant Program, foster efficiency and modernizations that allow shipyards to compete more effectively in the global marketplace. Acting Maritime Administrator Paul ‘Chip’ Jaenichen made the announcement at Jeffboat, LLC, one of the grant recipients, located in Jeffersonville, Indiana.

“Improvements at our shipyards mean more ships can be built right here in the United States, which means more jobs for hard-working Americans,” said U.S. Transportation Secretary Anthony Foxx. “These grants are about creating new opportunities in our local communities, as well as competing in the global economy.”

For this latest round of awards, MARAD received 113 grant applications requesting $96 million in assistance, far exceeding the $9.46 million made available for the grants. The grants fund a variety of projects including infrastructure improvements and equipment upgrades to increase operational competitiveness and quality vessel construction.

Shipyards across the nation continue to create new jobs and strengthen local economies. Since 2009, the Obama administration has provided more than $150 million to help U.S. shipyards and their workers reap the benefits of increased production capabilities delivered by emerging technologies and highly skilled workers.

Jeffboat, LLC, received an $845,817 grant. The Jeffboat facility has four production lines that are used for the construction of barges ranging in size from river hopper barges to 52,000 barrel tank barges. The grant announced today will allow Jeffboat to adjust the width and orientation of one of its vessel lines, helping the facility to enhance efficiency.

“It is no secret that the economic ripple effect of our nation’s shipyards is far-reaching,” said Acting Maritime Administrator Paul “Chip” Jaenichen. “While shipyards improve their infrastructure, they’re also creating new opportunities in industries and communities across the country.”

Although not a grant recipient, Marine Travelift, Inc., of Sturgeon Bay, Wis., has reaped the benefits of the program by providing boat hoists and other marine services to more than 11 shipyards nationwide that have received MARAD Small Shipyard Grant funding. According to MTI, this has translated into nearly $15 million in revenue, allowing the company to create more jobs in the region.

For a complete list of shipyards receiving grants, go to marad.dot.gov/documents/Grant_Awards.doc

 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Deep Sea Supply takes Delivery of 'Sea Triumph'

The Deep Sea Supply  took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'  on Thursday 18 September.  The vessels 'Sea Triumph' is a STX 05-L

Lilaas Engages Imtra for N. American Distribution

Strong prospects in the North American marine equipment market have triggered a new importation and distribution agreement between control specialist Lilaas

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

News

USCG Crew Rescues Three in Tomales Bay

The Coast Guard rescued three individuals from the water in Tomales Bay, Sunday morning. At approximately 8:30 a.m., Coast Guard Sector San Francisco Command

Significant Progress on Perth Wave Energy Project

Wave energy developer Carnegie Wave Energy Limited has provided an update on the recent progress of the Perth Wave Energy Project. Carnegie has made significant

BMW Opens Vehicle Distribution Center at Baltimore Port

BMW Group celebrated the official opening of its newest Vehicle Distribution Center at the Port of Baltimore yesterday. The facility will serve 96 dealers within

Government Update

Ban Welcomes Leonardo DiCaprio as UN Messenger of Peace

As the eyes of the world turn to New York City, where thousands of people are expected to gather today for a massive march in advance of a United Nations climate summit,

Tropical Storm Polo Threatens Battered Mexican Resort of Los Cabos

Tropical storm Polo barreled nearer on Friday to the Mexican Pacific resort of Los Cabos where thousands of troops were restoring order following widespread

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1484 sec (7 req/sec)