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MARAD Issues Small Shipyard Grants

Friday, September 8, 2017

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In a move to both invest in small shipyards and strengthen their competitiveness, The U.S. Department of Transportation’s Maritime Administration (MARAD) announced issued $9.8 million in grants this week.

For small shipyards varying in size—anywhere from a few dozen workers to several hundred—the Small Shipyard Grant Program provides financial assistance in total amounts of less than $1 million.

Out of the grants issued, three in particular pertained to surface preparation and coatings equipment.

  • Located in New London, CT, Thames Shipyard & Repair Company Inc. was awarded $191,762 to contribute to the purchase and installation of confined space preparation equipment. The Thames Shipyard has been in operation for over 100 years, and has two floating drydocks as well as new-build and maintenance capabilities for a variety of commercial vessels.
     
  • The North Charleston, SC Detyens Shipyards was awarded $466,985 to go towards a climate controlled down draft booth, as well as steel fabrication equipment. As a company, Detyens is equipped with three graving docks and has been in operation for over 50 years.
     
  • Blount Boats Inc. in Warren, RI was awarded $508,927 for painting enhancements, as well as metal working equipment and the purchase of a marine transporter.
© iStock.com /  Phil Augustavo

In a move to both invest in small shipyards and strengthen their competitiveness, The U.S. Department of Transportation’s Maritime Administration (MARAD) issued $9.8 million in grants.

There were a number of other grants also issued, which will contribute to other facets of running a shipyard, such as electrical and mechanical upgrades.

  • Vigor Alaska, LLC. of Ketchikan, Alaska, was granted $533,014 to assist in purchasing a robotic pressure washer, a milling machine and other pieces of equipment.
  • Located in Alameda, California, the Bay Maritime Corporation was granted $509,718 to support the acquisition of a CNC Bed Mill and a CNC Bridge Mill.
  • Jeffboat LLC of Jeffersonvlle, Indiana, was granted $479,150 toward purchasing an 80-ton Grove mobile crane.
  • National Maintenance and Repair of Kentucky Inc. received $377,433 to go towards the purchase of a Vantage Oil Country lathe.
  • To acquire a CNC cutting Machine and a CNC pipe bending machine, Gulf Island Shipyards Inc, of Houma, LA, was granted $757,168.
  • A & Z Marine Inc., also of Louisiana, was awarded $900,000 for the purchase of 440-ton Marine Travelift.
  • To contribute to necessary electrical upgrades, Boston Ship Repair LLC was granted $576,000.
  • The General Ship Repair Corporation of Baltimore, was granted $388,903 for a drydock wash water removal and processing system.
  • The Portland Shipyard of Portland, Maine, was awarded $990,500 toward the acquisition of a Marine Travelift.
  • Granted $570,065, the Great Lakes Towing Company will put the money towards equipment, tooling and software.
  • Philly Shipyard Inc, located in Philadelphia, was awarded $346,544 towards modernizing its welding system.
  • North Kingston, Rhode Island, shipyard J. Goodison Company Inc received $635,453 for the purchase of a wash water treatment and collection system.
  • Bludworth Marine LLC, located in Houston, was granted $900,000 toward the construction of a 3,000-ton floating drydock.
  • Colonna’s Shipyard Inc., in Norfolk, Virginia, was awarded $387,500 toward the acquisition of a Link-Belt 110-ton rough terrain crane.
  • Located in Anacortes, Washington, Dakota Creek Industries Inc. was granted $280,878 to contribute to the purchase of a steel frame bending and straightening machine, as well as a CNC router table.

Since 2008, the grant program has $174 million to 169 small shipyards, according to MARAD, which has helped improve both efficiency and productivity.

“Small shipyards play a significant role in our country’s maritime sector, which contributes to our economy, security, and infrastructure,” U.S. Transportation Secretary Elaine L. Chao said in a statement. “In addition, these grants will support local communities by creating jobs for working families.”

   

Tagged categories: Business operations; Funding; Grants; Marine; Maritime Administration; Shipyards

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