MARAD Grant Small Shipbuilders Funding Support

MarineLink.com
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: 
http://www.marad.dot.gov/documents/Grant_Awards.doc
 










 

Maritime Today


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

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Hyundai Bags NZ Defence Order

Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, has won an order to build a 23,000 ton class logistics support vessel for New Zealand Defence

LNG: Did the Greeks Get it Wrong?

In December 2013, Alibra’s market report front page read: “When in shipping, do as the Greeks do.” At that time, Alibra was referring to the fact that 31% of the

Ithaca’s FPF-1 platform to be moved to Stella field

Ithaca Energy Inc. reports that the "FPF-1" floating production facility has completed the required inclination test as planned and departed the Remontowa shipyard in Gdansk, Poland.

Finance

Turkey’s Role for the Tanker Market

Even though the coup attempt in Turkey  failed and the transportation situation normalized quickly thereafter, Poten & Partners take a look at the importance of Turkey tothe tanker market.

China’s One Belt, One Road: Will it Reshape Global Trade?

The future of trade in Asia could depend heavily on what becomes of China’s expansive One Belt, One Road initiative, which calls for massive investment in and

IOC Mulls Buying GSPC's Stake in Mundra Terminal

Indian Oil Corporation (IOC), the country's largest oil company,  is in talks to buy debt-laden Gujarat State Petroleum Corp’s (GSPC) stake in the under-construction Rs.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.0790 sec (13 req/sec)