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 September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

RIMPAC Exercise Puts LCS Through Paces

It was the middle of May, and the littoral combat ship Independence was operating out of San Diego, testing components of the mine warfare mission package. The mission is one that,

New Superyacht ROCKIT.IT Launched by Feadship

Feadship says it has launched the outstanding 60.35-metre motoryacht ROCK.IT. Created for an experienced owner who has chartered Feadships and appreciated the essence of the brand,

FTA Approves WSF Ferry Terminal Plans

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves

News

Fortum Buys Stake in Wave Power Startup

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed

Gazprom Neft Starts Oil Production, Shipments from Iraqi Badra Field

Russia's Gazprom Neft said on Monday it started commercial production and shipments of oil produced at its Iraqi Badra oil field. Gazprom Neft, the oil arm of state gas company Gazprom ,

Statoil Says Normal Operations at In Amenas Gas Plant Resuming

Normal operations are resuming at the In Amenas gas plant in Algeria 18 months after a raid by Islamist militants killed forty employees, one of the plant's operators, Statoil, said on Monday.

Government Update

FTA Approves WSF Ferry Terminal Plans

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves

DoD Award Dredging, Ship Maintenance, Charter Contracts

US Department of Defense informs of placement of contracts for Chesapeake Bay dredging, dry-docking of USS Pearl Harbor, and charter of surface escort vessels. Details as follows: 1.

Indian Investigators Drop Case Against Billionaire Birla

India's Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.1349 sec (7 req/sec)