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Pending Applications

Applicant Shipyard Requested Loan Amount Status
Windea CTV LLC

St. Johns Shipbuilding, Palatka, FL

Gulf Craft, Franklin, LA

$104,000,000 Application complete and under review

No. of Ships: 10

Types of Vessels/Projects: Crew Transfer Vessels (CTVs) used to transport technicians to install and maintain offshore wind turbines of Vinyard Wind I project off Massachusetts and other wind turbine farms located in the northeast United States.

Actual Cost to Applicant: $120,000,000

Requested Term: 15 years

Application Received and Accepted: November 22, 2022

Offshore Wind Support, LLC (Edison Chouest) LaShip, LLC, Houma, LA $95,156,250 Application complete and under review

No. of Ships: 1

Types of Vessels/Projects: one new, first-of-its-kind, ‘plug-in hybrid’ service offshore vessel (SOV) to transfer technicians and spare parts safely to and from Wind Turbine Generators (WTG) for operation and maintenance of Empire Wind I & Empire Wind II Wind Farms located in the northeast United States.

Actual Cost to Applicant: $108,750,000

Requested Term: 15 years

Application Received and Accepted: January 10, 2023

Great Lakes Dredge & Dock Corporation Philly Shipyard, Philadelphia, PA $215,862,500 Application complete and under review

No. of Ships: 1

Types of Vessels/Projects: One (1) Subsea Rock Installation Vessel (SRIV), Vessel set for operation on the northeastern continental U.S. installing Wind Turbine Generators

Actual Cost to Applicant: $246,700,000

Requested Term: 25 years

Application Received and Accepted:

Crowley SOV I, LLC Fincantieri Bay Shipbuilding, Sturgeon Bay, WI $146,475,743 Application complete and under review

No. of Ships: 1

Types of Vessels/Projects: One (1) new build Service Operation Vessel (SOV), a key vessel for U.S. offshore wind farms, used to transfer and accommodate land-based technicians to service and maintain offshore wind installations.

Actual Cost to Applicant: $167,840,708

Requested Term: 20 years

Application Received and Accepted:

Ice Floe LLC dba Nichols Brothers Boat Builders

The applicant is the shipyard to be modernized:
Nichols Brothers Boat Builders

Suppliers / Builders

1. HCI Steel Buildings, LLC.

2. Pemamek LLC. (PEMA Welding Automation)

3. ASSA ABLOY Entrance Systems

4. American Crane

5. MEGA DOOR

$7,183,939 Application complete and under review

No. of Projects: 1

Types of Shipyard Modernization Project: The project consists of turnkey construction and installation of: (1) Micro Panel Line for Steel Vessel Construction: Equipment Purchase and installation. (2) Steel Panel Line Building: New Construction. (3) Module Erection Area Upgrades: New Equipment and Upgrades

Actual Cost to Applicant: $8,210,216

Requested Term: 20 years

Application Received and Accepted: February 12, 2024

SWITCH Ferry #1 LLC

All American Marine,    Bellingham, WA

$12,250,000 Application submitted and under deficiency review

No. of Ships: 1

Types of Vessels/Projects: One (1) new build hydrogen fuel cell/battery powered, 75 passenger U.S. Flag ferry, SEA CHANGE, bareboat chartered to the Water Emergency Transportation Authority (WETA) part of the San Francisco Bay Ferry network to transport passengers from the main San Francisco Ferry Terminal landing to offices at Mission Bay

Actual Cost to Applicant: $14,000,000

Requested Term: 15 years

Application Received and Accepted:

The Dutra Group

Eastern Shipbuilding Group*, Panama City, FL

Conrad Shipyard*, Morgan City, LA

*The company is still in the process of finalizing the shipyard to be used for construction. It will be one of the above shipyards.

$150,500,000 Application processing on hold at the request of the applicant

No. of Ships: 1

Types of Vessels/Projects: One (1) new 10,480 CY hopper dredge

Actual Cost to Applicant: $172,000,000

Requested Term: 25 years

Application Received and Accepted:

River 2, LLC. LaShip, LLC, Houma, LA $141,556,758 Application processing on hold at the request of the applicant

No. of Ships: 1

Types of Vessels/Projects: River Cruise Vessel

Actual Cost to Applicant: $166,537,362

Requested Term: 15 years

Application Received and Accepted: 

River 3, LLC.   LaShip, LLC, Houma, LA $147,548,050 Application processing on hold at the request of the applicant

No. of Ships: 1

Types of Vessels/Projects: River Cruise Vessel

Actual Cost to Applicant: $173,585,941

Requested Term: 15 years

Application Received and Accepted: 

Signet Maritime Corporation Signet Shipbuilding and Repair, Pascagoula, MS $47,250,000 Application submitted and under deficiency review

No. of Ships: 2

Types of Vessels/Projects: Two (2) Advanced Rotortug® ART, which will be used for escorting deep draft VLCCs on the Port of Corpus Christi, TX

Actual Cost to Applicant: $54,000,000

Requested Term: 20 years

Application Received and Accepted: 

Matson Navigation Company, Inc.

Philly Shipyard, Philadelphia, PA

$646,000,000 Application submitted and under deficiency review

No. of Ships: 2

Types of Vessels/Projects: Two (2) 854-foot Containerships

Actual Cost to Applicant: $750,000,000

Requested Term: 25 years

Application Received and Accepted: 

Title XI Application Workflow

  • Application submitted; deficiency review in progress
  • Application complete and under review
  • Review complete; recommendation pending
  • Project approved; letter commitment pending
  • Letter commitment issued; awaiting guarantee closing

* If an applicant requests processing be stopped at some point, the following would substitute the above --

  • Application processing on hold at the request of applicant
  • Application withdrawn