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MARAD Announces Small Shipyard Grants

Monday, June 24, 2019

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Early last week, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced that $19.6 million in funding would go toward capital improvements at 28 small shipyards, a move that was a part of MARAD’s Small Shipyard Grant program.

“These grants help create jobs in America’s small shipyards, which play a significant role in our country’s maritime sector,” said U.S. Transportation Secretary Elaine L. Chao.

To qualify for the grant, a shipyard must have less than 1,200 production employees on staff. According to MARAD, the program has awarded over $226 million, totaling 216 grants since 2008.

Shipyard Grant Awards

Grant recipients, among others, include:

  • All American Marine (Bellingham, Washington) receiving $397,725 for painting area improvements as well as increased vessel building capacity;
  • Hughes Bros. Inc. (Edison, New Jersey) receiving $363,957 for abrasive blasting equipment, which will in turn increase efficiency and cost competitiveness;
  • Mike’s Inc. (South Roxana, Illinois) receiving $709,405 for the acquisition of a 110-ton lattice boom crawler crane, lessening the shipyard’s need to hire a third-party service; and
  • TPG Chicago Dry Dock LLC (Chicago) receiving $1.2 million for the purchase of a dry dock, additional facility equipment and supporting a welder training program.
© iStock.com /  Phil Augustavo

Early last week, the U.S. Department of Transportation’s Maritime Administration (MARAD) announced that $19.6 million in funding that went toward capital improvements at 28 small shipyards, a move that was a part of MARAD’s Small Shipyard Grant program.

A number of other grants were also awarded, each contributing to the other demands of running a shipyard, which includes machinery acquisitions and establishing new dry docks.

Others include:

  • JAG Alaska Inc. Seward Shipyard (Seward, Alaska) received $976,298 for improving the shipyard’s water wash-down/recovery system, as well as upgrades for its vessel transport system;
  • LaShip (Houma, Louisiana) received $402,900 for a piece of equipment that will allow for efficient manufacturing of metal and metal alloy parts; and
  • Marinette Marine Corporation (Marinette, Wisconsin) received $1.1 million, funding that will support the Marinette Marine Additional Cranes Project, which will see the acquisition of three 100-ton bridge cranes for additional construction capacity.

“Small shipyards are an irreplaceable aspect of America’s shipbuilding industry,” said Maritime Administrator Mark. H. Buzby. “They are a key component to national security and our economic viability as a whole; providing good jobs for hardworking Americans.”

   

Tagged categories: Business operations; Funding; Grants; Marine; Maritime Administration; NA; North America; Program/Project Management; Shipyards

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