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Department of Defense Awarded a Contract to KEYSTONE SHIPPING SERVICES, INC. for $616,874,638.55

Signed on

7/30/2025, 12:00 AM

KEYSTONE SHIPPING SERVICES, INC. Government Contract #693JF725D000031

KEYSTONE SHIPPING SERVICES, INC. was awarded a contract with the United States Government for $616,874,638.55. The contract was awarded by the agency office 693JF7 DOT MARITIME ADMINISTRATION, which is a division with the Maritime Administration within the Department of Transportation.

Summary of Award

The recipient of the federal contract is Keystone Shipping Services, Inc., a U.S.-Owned Business based in Bala Cynwyd, Pennsylvania. The contract is for ship management services for multiple locations and is funded by the Department of Defense through the Department of the Navy. The contract is worth a total of $616,874,638.55. The contract was awarded on July 30, 2025, and the work will be performed from August 18, 2025, to July 26, 2035. An interesting detail is that no transaction amount or subsidy cost was recorded in the financial transactions.

Contract Details

Contract ID693JF725D000031
Contract TypeIDV_B_B
Total Obligation$0.00
Exercised Options
Base Amount + Options$616,874,638.55
Date Signed2025-07-30
Contract Description2025 SHIP MANAGEMENT SERVICES FOR SG-01 CAPE DECISION, CAPE DIAMOND, CAPE DOMINGO, CAPE DOUGLAS, CAPE DUCATO, CAPE EDMONT
Start Date2025-08-18
End Date2035-07-26

Agency Details

Awarding AgencyDepartment of Transportation
Awarding Sub AgencyMaritime Administration
Awarding Office693JF7 DOT MARITIME ADMINISTRATION
Funding AgencyDepartment of Defense
Funding Sub AgencyDepartment of the Navy
Funding OfficeCHIEF OF NAVAL OPERATIONS (CNO)

Recipient Details

RecipientKEYSTONE SHIPPING SERVICES, INC.
Recipient Location1 BELMONT AVE STE 910 BALA CYNWYD PENNSYLVANIA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #0$0.00July 30, 2025

Department of the Navy, a sub agency of Department of Defense, issued a payment of $0.00 to KEYSTONE SHIPPING SERVICES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003$0.00October 29, 2025

Department of the Navy, a sub agency of Department of Defense, issued a payment of $0.00 to KEYSTONE SHIPPING SERVICES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$0.00October 23, 2025

Department of the Navy, a sub agency of Department of Defense, issued a payment of $0.00 to KEYSTONE SHIPPING SERVICES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001$0.00September 24, 2025

Department of the Navy, a sub agency of Department of Defense, issued a payment of $0.00 to KEYSTONE SHIPPING SERVICES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$0.00July 30, 2025

Department of the Navy, a sub agency of Department of Defense, issued a payment of $0.00 to KEYSTONE SHIPPING SERVICES, INC.. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.