Interocean American Shipping Corporation News

MarAd: $77mto for National Defense Reserve Fleet Ships

WASHINGTON – U.S. Transportation Secretary Ray LaHood today announced contracts totaling $77 million for three U.S. maritime firms to operate 10 National Defense Reserve Fleet ships through July 27, 2015. “This money will help make sure these important Defense Reserve Fleet ships are manned with skilled mariners and are ready when our Nation calls,” said Secretary LaHood. The contracts were awarded to Ocean Duchess Inc. of Houston, Texas for $16,618,430; Keystone Ocean Shipping of Bala Cynwyd, Pa. for $30,212,588; and Interocean American Shipping Corporation of Moorestown, N.J. for $30,533,710. These companies are responsible for maintaining the ships in good mechanical condition and ensuring crews are available for their operation when needed.