N3220523C4225

Apr 2023: U.S. Marine Management Inc., Norfolk, Virginia, is awarded a $14,870,500 firm-fixed-price contract with reimbursable elements (N3220523C4225) for a time charter of one U.S. Flag tanker, Pohang Pioneer, with segregated ballast tanks that is capable of carrying a minimum of 40,000 barrels of clean product (intentions F76, JP5, JP8, or JA1) within the vessel's natural segregation in designated cargo tanks with double valve isolation. This contract includes a 12-month base period with three 12-month option periods, and one 11-month option, which, if exercised, would bring the cumulative value of this contract to $73,397,914. Work will be performed in Hawaii and worldwide, and is expected to be completed if all options are exercised, by March 2028. Working capital funds (Transportation) in the amount of $14,870,500 are obligated for fiscal 2023, and will expire at the end of the fiscal year. This contract was competitively procured with proposals solicited via the System Award Management website and two offers were received. The Navy's Military Sealift Command, Norfolk, Virginia, is the contracting activity.