On Tuesday morning, the Steamship Authority board unanimously approved a $119.6 million operating budget for 2022. SSA treasurer and comptroller Mark Rozum told the board the expected operating revenue for 2022 is $123.7 million. This represents an increase of 2.1 percent from the 2021 budget. Rozum emphasized the budget contained no rate increases. Per Rozum’s […]
The Steamship Authority will continue to operate a seasonal 5:30 am freight boat out of Woods Hole in 2022, but will also seek bids on companies willing to ship freight to Martha’s Vineyard from New Bedford or some other off-Cape port. In a 4-1 vote Thursday night, with Falmouth resident Kathryn Wilson opposing it, the […]
MARAD grants around $20m to 31 small shipyards in the US 27 Apr 2021 (Last Updated April 27th, 2021 13:06)
The United States Maritime Administration (MARAD), an agency of the United States Department of Transportation, has awarded $19.6m in grants to 31 small shipyards in 15 states.
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Since 2008, MARAD has granted nearly $262.5m to 300 shipyards in 32 states and territories across the country. Credit: Max Gössler from Pixabay.
The United States Maritime Administration (MARAD), an agency of the United States Department of Transportation, has awarded $19.6m in grants to 31 small shipyards in 15 states.
The funding will be provided under the Small Shipyard Grant Programme.
The aim is to help the shipyards upgrade, enhance productivity and increase local employment prospects.
MARAD Awards $20 Million in Shipyard Grants
Maritime Activity Reports, Inc.
(Photo: Eastern Shipbuilding)
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Monday awarded $19.6 million in grants aiming to help 31 shipyards modernize, increase productivity, and expand local employment opportunities while competing in the global marketplace.
The grants were awarded to shipbuilding and repair yards in 15 states throughout the U.S. as part of MARAD s Small Shipyard Grant Program. Since 2008, the program has awarded $262.5 million to nearly 300 shipyards in 32 states and territories.
“Small businesses are the backbone of the American economy, and small shipyards play a critical role in America’s maritime industry,” said U.S. Secretary of Transportation Pete Buttigieg. “These grants go directly to small shipyards across the country and will help protect and create local jobs, strengthen America’s maritime industry, and bolster our economic secur
Published April 26. 2021 5:49PM
The U.S. Department of Transportation’s Maritime Administration has awarded $438,690 to the Thames Shipyard & Repair Co. in New London to support the enhancement of its operations.
The money will be used to support the purchase of equipment, such as air compressors and hoses, to expand its surface preparation capabilities and achieve a greater capacity and efficiency in the size and number of vessels it is able to service.
The award was part of the $19.6 million in grants awarded to 31 small shipyards in 15 states through the Small Shipyard Grant Program. The Thames Shipyard was the only shipyard in Connecticut to receive an award.