CTVs below development at St Johns Ship Building
Americraft Marine, a maritime subsidiary of the Logothetis household’s Libra Group, is increasing funding in its Palatka. Fla., primarily based shipyard, St Johns Ship Building, to extend capability for development of Crew Transfer Vessels (CTVs) and different offshore wind associated vessels.
In addition to earlier commitments from Americraft to its subsidiary, which it acquired earlier this 12 months, the shipyard has additionally acquired the ultimate approval of a MARAD grant modification. The funding together with the matching grant will present for added gear and fabrication infrastructure particularly aimed toward aiding within the enlargement of the yard for the concurrent development of a number of CTVs, supporting the U.S. offshore wind business.
St Johns Ship Building at present has a number of Jones Act compliant CTVs below development with 4 scheduled deliveries in 2023.
