Federal award · direct payment for specified use, as a subsidy or other non-reimbursable direct financial aid (c)

Waterman Steamship Corporation

Maritime Security Program Stipend Given to Waterman Steamship for Its Participation in Exchange for Ocean Giant Vessel Availability in Time of Need. Under the Program Funds Are Provided as a Stipend Under Agreement That the Company Must Must Make Its Ships and Commercial Transportation Resources Available Upon Request by the Secretary of Defense During Times of War or National Emergency

Committed

$4.0 Million

Paid to

UEI QFQKLYL1LNQ5

29000 Us Highway 98, Daphne, AL, 36526

Department of Transportation

Maritime Administration

Place

ENTITY 2

Performance

Oct 1, 2024 → Sep 30, 2025

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal award · direct payment for specified use, as a subsidy or other non-reimbursable direct financial aid (c)

Department of Transportation

Maritime Administration

Maritime Security Fleet Program or Ship Operations Cooperation Program to

Waterman Steamship Corporation

Committed

$4.0 Million

Paid to

Waterman Steamship Corporation

UEI QFQKLYL1LNQ5

29000 Us Highway 98, Daphne, AL, 36526

Department of Transportation

Maritime Administration

Place

ENTITY 2

Performance

Oct 1, 2024 → Sep 30, 2025

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗