International Ship Repair and Marine Services (ISR), one of Port Tampa Bay major tenants, recently held a ceremony and luncheon in dedication of its new, American-made Manitowoc 275-ton crawler crane, for use at its port facility.
The dedication ceremony of "Ms. Kaitlyn" was attended by several elected officials and a cross section of economic development and port community leaders, all celebrating a new piece of equipment that represents a major step in the company's business - largely made possible by a federal grant.
In July 2013, ISR received $980,260 in funding from the U.S. Maritime Administration's Small Shipyard Grant Program, allowing for the purchase of this new equipment that will be vital to their operations moving forward.
There were 113 grant applications received, requesting a total of $96 million, so competition was considerable. ISR presented a strong case for acquiring the crane and was duly awarded.
Keynote speakers at the event were Congresswoman Kathy Castor and Senator Bill Nelson, who have long supported maritime industries and the port's growth over the years. Also contributing to the program were George H. Lorton, International Ship Repair CEO and president; Paul Anderson, Port Tampa Bay president and CEO; and Steve Swindal, chairman of the port's board.
A commemorative luncheon was held immediately afterward at the University Club of Tampa.
"We are delighted to see one of our major partners, International Ship Repair, continue to build their thriving business in a very concrete way; this new crane will benefit them significantly in the years ahead, and we will continue to support them in this highly specialized industry that helps make Port Tampa Bay one of the most diverse and unique ports in the country," said Paul Anderson, port president and CEO.