MarAd Grants Subsidy For Construction Of Blue Line's Landing Craft
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Finance
The Maritime Subsidy Board approved Japan as the representative foreign shipbuilding center for calculating the differential on a twin-screw steel landing craft ordered by Blue Lines, Inc. and to be built by Atlantic Marine, Inc.
The Maritime Subsidy Board has approved Japan as the representative foreign shipbuilding center for the calculation of the differential between U.S. and foreign costs for the subsidized construction of a twin-screw, steel landing craft ordered by Blue Lines, Inc.
The estimated foreign cost of building the 83-foot, diesel-powered vessel was set at $364,000.
The vessel will be built by Atlantic Marine, Inc., Jacksonville, Fla., and is intended for operation in the Caribbean. The craft will be certified to carry combustible and flammable liquids in Department of Transportation approved trucks.