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

Contracts

New Australian Navy Submarines to be Japan Built?

Australia should discuss building its next-generation fleet of submarines overseas, the Department of Defence said on Monday, a shift that could open the door to

Russian Navy Expansion Gathers Momentum

The Russian Navy celebrates its professional holiday by putting two new submarines into service and expects a new warship in the fall and several additional ships

Three Share in Navy US$96.8-M Twin-Ship Modernization Contract

The U.S. Department of Defense informs that AMSEC LLC; CDI Marine Co. LLC; and Q.E.D. Systems Inc., (all located in Virginia Beach, Virginia) are each being awarded a cost-plus-fixed-fee/cost-only,

Shipbuilding

RS Class New Ships for the Caspian Sea

Russian Maritime Register of Shipping (RS) has signed a contract with Baku Shipyard LLC for the construction of three 38М high speed crewboats (designer - SHIPTECH,

North Sea Atlantic Joins the Technip fleet

On Saturday July 26, 2014, a ceremony was held in Bergen to officially name the latest new subsea construction vessel to join the Technip fleet, the North Sea Atlantic.

New Australian Navy Submarines to be Japan Built?

Australia should discuss building its next-generation fleet of submarines overseas, the Department of Defence said on Monday, a shift that could open the door to

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.2101 sec (5 req/sec)