Department of Defense Awarded a Contract to KEYSTONE SHIPPING SERVICES, INC. for $33,537,532.70

Summary of Award

Keystone Shipping Services, Inc. has been awarded a contract by the US federal government for ship management services under the bridge contract named SHIP GROUP 01. The contract was signed on July 26, 2024, and falls under the category of an Indefinite Delivery / Indefinite Quantity (IDV) contract. The total obligation for the contract is $33,537,532.70.

The contract involves the operation of other non-building facilities, specifically in the area of deep sea freight transportation. Keystone Shipping Services, Inc. is a U.S.-owned business based in Bala Cynwyd, Pennsylvania. They offer services related to the operation of government-owned facilities, with a focus on non-building facilities.

The contract was awarded by the Department of Transportation, specifically the Maritime Administration, with funding provided by the Department of Defense, specifically the Department of the Navy. The contract period of performance is from July 27, 2024, to July 26, 2025. The contract includes multiple transactions, with the latest transaction dated April 1, 2025. The transaction details indicate that there have been several modifications (Mods) to the contract, with the most recent being Mod P00004. The transaction amounts for each modification are listed as $0, indicating that there were no additional costs associated with these modifications. Overall, the contract between Keystone Shipping Services, Inc. and the US federal government for ship management services is a significant agreement with a substantial financial obligation. The contract aligns with Keystone Shipping Services, Inc.'s expertise in providing services related to the operation of non-building facilities, particularly in the area of deep sea freight transportation.