Erie Shipbuilding Gets $2.5m State Grant

Wednesday, August 30, 2006
Pennsylvania Governor Edward G. Rendell announced $17m in capital grants to support projects in Erie that will bolster the city’s economy and expand the region’s tourism industry.

Among the grants include $2.5m to Erie Shipbuilding LLC to help the company expand operations at the former Litton Industries shipyard and dry dock. The company will, primarily, convert existing vessels to tug barges, but will also build new ships for VanEnkevort’s Tug and Barge Inc. The company plans to expand VTB’s fleet by five to six vessels within three years. The state grant will help the company with capital expenditures as it seeks to acquire the necessary equipment to outfit the shipyard property. Once up and running, Erie Shipbuilding plans to hire a number of skilled laborers, including metal fabricators, pipe fitters, electricians and welders. The number of employees at the shipyard could reach 200 by 2007, up from approximately 60.

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

People & Company News

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Shipbuilding

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Homeland Security Secretary Visits Ingalls Shipbuilding

Huntington Ingalls Industries' Ingalls Shipbuilding division apprises it has hosted a visit by Secretary of Homeland Security Secretary Jeh Johnson and U.S. Rep.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | 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: 0.1644 sec (6 req/sec)