MARAD Grant Small Shipbuilders Funding Support
Friday, July 26, 2013

The U.S. Department of Transportation’s Maritime Administration (MARAD) announce US$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 shipyard grant recipients, copy and paste the following link:


Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


DNV GL Approval for DSIC's LNG-fuelled VLCC Design

DNV GL has presented Dalian Shipbuilding Industry Company Limited (DSIC) with an Approval in Principle (AiP) certificate for a new LNG-fuelled very large crude

ABS Classes Offshore Wind Farm Installation Vessel

ABS announced that the ABS-classed Seajacks Scylla, the world's largest and most advanced wind farm installation and offshore construction vessel, has been delivered

USN Issues Full Funding for LCS "Cooperstown"

As part of the Littoral Combat Ship (LCS), the US Navy has awarded to the consortium which includes Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM),


MacArtney, Moog Focal in Expansion Mode

Moog Focal Technologies Corporation and the MacArtney Group have agreed to intensify their multi-service partnership aiming at expanding their long-term business

GOST Debuts New Technology at Workboat

GOST (Global Ocean Security Technologies), celebrating its 10th year as a world leader in marine security, tracking, monitoring and video surveillance systems,

USN Issues Full Funding for LCS "Cooperstown"

As part of the Littoral Combat Ship (LCS), the US Navy has awarded to the consortium which includes Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM),

Maritime Careers / Shipboard Positions Naval Architecture Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar 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: 0.0775 sec (13 req/sec)