The U.S. Department of Transportation’s Maritime Administration (MARAD) awarded $19.6 million in discretionary grants to 24 U.S. small shipyards through the Small Shipyard Grant Program. The program provides funding to assist eligible shipyards modernize operations, improve efficiency, and benefits from increased productivity by investing in emerging technologies and a highly skilled workforce. Cabras Marine Corporation is proud to announce that we have been awarded a total of $1 million for the acquisition of a brand-new Link-Belt 175-ton All Terrain Crane. In addition to improving efficiency, the acquisition of this 175-ton crane will contribute to CMC’s capability to improve ship repair operations effectively on Guam.
We’d like to thank Lt. Governor Joshua Tenorio, Senator Clynt Ridgell, Senator Amanda Shelton, Senator Regine Biscoe Lee, Speaker Tina Muña Barnes, Congressman Michael San Nicolas, Port of Guam General Manager Rory Respicio, First Hawaiian Bank Guam and CNMI Regional Manager Ed Untalan and Richard Sherman and his partners at The Seneca Group, LCC for their belief and support throughout our grant application process.