Small shipyard grants totaling $19.6 million awarded

A shipyard in Port Arthur, Texas, received the most funding among the 28 shipyards with $1.36 million.

Small shipyard grants totaling $19.6 million awarded

A shipyard in Port Arthur, Texas, received the most funding among the 28 shipyards with $1.36 million.

Small shipyard grants totaling $19.6 million awarded

A shipyard in Port Arthur, Texas, received the most funding among the 28 shipyards with $1.36 million.

 

   The U.S. Department of Transportation’s Maritime Administration (MARAD) announced Monday $19.6 million in grants to support capital improvements of 28 small shipyards in 20 states as part of the Small Shipyard Grant program.
    The funding supports employee training and related improvements. The program has awarded more than $226 million to 216 grants since 2008 to “help fund upgrades and expansions that often lead to more competitive operations, quality ship construction and improved employee skill,” MARAD said in the announcement.
    “Small shipyards are an irreplaceable aspect of America’s shipbuilding industry,” said Maritime Administrator Mark Buzby. “They are a key component to national security and our economic viability as a whole, providing good jobs for hardworking Americans.”
    MBLH Marine LLC doing business as Vessel Repair (pictured above), located in Port Arthur, Texas, received the most funding at $1.36 million. The funds will go toward the acquisition and construction of a new dry dock, which will allow the facility to promote for efficient and competitive shipyard services, MARAD said.

   Texas was one of seven states with multiple grant recipients. Florida had three recipients with a total of $1.7 million. Pennsylvania shipyards were awarded the most money at a combined $2.01 million — Heartland Fabrication in Brownsville ($1.01 million) and Rhoads Industries Inc. ($999,250).
    Alaska, Louisiana and Illinois also had two shipyards each receive funding.
    Click here for a full list of recipients.

As a leading U.S. crude oil export port and a major economic engine of Texas and the nation, the Port of Corpus Christi is now the 4th largest port in the United States in total tonnage.

Drewry’s World Container Index, a composite of container freight rates on eight major routes to and from the U.S., Europe and Asia, was down 1.4% to $1,351.15 per 40-foot container as of June 13.

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Small shipyard grants totaling $19.6 million awarded

A shipyard in Port Arthur, Texas, received the most funding among the 28 shipyards with $1.36 million.

Jun 18, 2019 on Dec 27, 2018AmericanShipper.com

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Small shipyard grants totaling $19.6 million awarded

A shipyard in Port Arthur, Texas, received the most funding among the 28 shipyards with $1.36 million.

Jun 18, 2019 on Dec 27, 2018AmericanShipper.com