US DOT Grant to Aker Philly Yard

On July 9, The U.S. Department of Transportations Maritime Administration announced $17.1 million in grants to 14 small shipyards in 10 states.

The grants are part of the Assistance to Small Shipyards program. Small shipyards are vitally important for the health of the maritime industry, and for the nations economy, said Secretary of Transportation Ray LaHood.

The purpose of the grants is to make capital and infrastructure improvements that facilitate the efficiency, competitive operations, and quality in ship construction and repair. Small shipyards fall into two categories: those with fewer than 600 employees, and those with between 600 and 1200 employees. All but two of today’s recipients have fewer than 600 employees.

Aker Philadelphia Shipyard, Inc., Philadelphia was granted $1,951,022 for thermal machining center. The Maritime Administration is the agency in the Department of Transportation dealing with waterborne transportation. Its mission is to improve and strengthen the U.S. marine transportation system, including infrastructure, industry and labor, to meet the economic and security needs of the United States.

Source: Maritime Executive

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