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MARAD to Give $9.98 Million in Federal Funds to Small U.S. Shipyards

Published Nov 20, 2012 3:54 PM by The Maritime Executive

On Friday the Maritime Administration announced that it would be giving $9.98 million in grants to qualified small U.S. shipyards.

MARAD says the grants are “to help enhance the efficiency and competitiveness” of these small U.S. shipyard that receive the funds. The grants will be made available to improvements that foster efficiency and competitive operations; including ship construction, repair, and employee training.

The grants cannot be more than 75 percent of the estimated improvement costs and application packages must be received by 5 p.m. on January 17, 2012.

In August this year, U.S. Transportation Secretary Ray LaHood announced $9.98 million in grants to 13 small U.S. shipyards to make them more competitive in the global marketplace. 

The following yards received funding from the August grant:

1. Alaska Ship and Drydock, Inc. - Ketchikan Shipyard (Ketchikan, AK) - $1,018,314.75 for a One Side Welder, a Material Handling System and a CNC Cutting System

2. BAE Systems Southeast Shipyards Alabama, LLC (Mobile, AL) - $1,008,838.00 for a Steel Profile Processing System

3. Bay Ship & Yacht Co. (Alameda, CA) - $405,789.00 for an Air Compressor and Electrical Upgrades

4. Brownsville Marine Products, LLC (Brownsville, PA) - $877,940.25 for an Automated Blast and Coat System

5. C&C Marine Maintenance - Congo Shipyard (Newell, WV) - $1,232,135.00 for a new Drydock

6. Hendry Corporation (Tampa, FL) - $1,000,000.00 for a new Drydock

7. Ice Floe, LLC dba Nichols Brothers Boat Builders (Freeland, WA) - $519,761.00 for 25 Ton and 40 Ton Mobile Cranes

8. Jamesbuilt, LLC (Calvert City, KY) - $882,150.00 for a One Side Panel Welding System

9. Marinette Marine Corporation (Marinette, WI) - $604,394.00 for a Dust Collection system and Air Compressors

10. MBLH Marine, LLC dba Vessel Repair (Port Arthur, TX) - $525,000.00 for a 20 Ton Tower Crane

11. Senesco Marine, LLC (North Kingstown, RI) - $279,677.00 for Launch Equipment and Software

12. Southwest Shipyard, LP (Channelview, TX) - $664,325.00 for a Stiffener Welding System

13. Yank Marine, Inc. (Tuckahoe, NJ) - $961,676.00 for a 300 Ton Marine Travelift

More information on this most recent grant will be made available on 12/12/2011 at the Federal Register’s website.