MARAD Signs with Panama City Shipyard

Press Release
Monday, April 25, 2011

Contract for five New Ships for Export Will Create 300 Local Jobs
 
PANAMA CITY, Fla. – U.S. Maritime Administrator David Matsuda today announced a $241 million loan guarantee that will allow the Eastern Shipbuilding Group of Panama City, FL, to build five platform supply vessels (PSVs) for export to Brazil, to provide service in new deepwater oil fields there.
 
“This project means good jobs for Panama City today and a stronger economic future for our country,” said U.S. Transportation Secretary Ray LaHood.  
 
Eastern Shipbuilding Group has built eight PSVs since 2003, with three more under construction.  The vessels, built for Boldini S.A. of Rio de Janeiro, are estimated to result in 300 new local jobs over the next three-and-a-half years.
 
Demand for supply vessels for the Brazilian offshore drilling market has increased substantially.  The supply ships will transport workers, supplies, parts and chemicals to offshore oil rigs.  They will also serve as rescue and emergency response vessels, with extensive salvage, firefighting and medical facilities.
 
“Today’s signing demonstrates that America’s shipbuilders can be competitive in international markets,” said Maritime Administrator David Matsuda, during a visit to the shipyard.  “We will support these export opportunities for U.S. businesses and American shipyard workers wherever possible.”
 
The Maritime Administration has previously provided federal assistance to Eastern Shipbuilding Group.  In 2008, Eastern was awarded a $581,000 federal grant for shipyard software and equipment from the agency’s Small Shipyard Grants Program.  And in 1999, the Maritime Administration provided a federal guarantee on a $6 million loan to finance facility upgrades.
 
The Maritime Administration currently guarantees approximately $2.2 billion in U.S. shipyard projects, including construction of tugs, barges, dive support vessels, drill rigs, ferries, tankers, offshore supply vessels, and container vessels.

Source: http://www.marad.dot.gov/

Maritime Today


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

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

Contracts

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

First Panama Canal Water-Saving Basin Filled

The Panama Canal Authority (ACP) announced that the first water-saving basin of the Agua Clara Locks’ upper chamber has been filled to the required level in order

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Shipbuilding

Crowley Christens 2nd LNG-ready Product Tanker

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Damen Builds Cable Installer For Maersk Supply Service

New Damen-built vessel for Maersk Supply Service to undertake long-term charter with DeepOcean   A newbuild DP2 cable installation vessel, Maersk Connector, was

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage 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: 0.0819 sec (12 req/sec)