The U.S. Maritime Administration – known as MARAD – recently awarded $8.75 million in grants to 17 U.S. shipyards in 12 states as part of a broad effort by the Trump administration to revitalize the American maritime industry.
[Above photo by MARAD]
The agency noted that funding comes from the Small Shipyard Grant program, which supports advanced training, workforce development, and new technologies to help strengthen U.S. shipbuilding and repair capabilities.
“Unleashing the full power of America’s shipyards will boost our economic strength and national security,” said Acting Maritime Administrator Sang Yi in a statement.
“The Small Shipyard Grant program is revitalizing America’s maritime industry by investing in businesses that spur innovation, improve productivity, and fuel job creation in communities around the country,” Yi said.
MARAD noted that America’s small shipyards are considered a “strategic asset” and are critical to national security and economic vitality.
Employing more than 100,000 Americans, small shipyards are “fundamental engines” of local job growth and have unique capabilities, from custom vessel development to specialized repair services, the agency noted.
Since its inception in 2008, the Small Shipyard Grant program has awarded 382 grants totaling $320.5 million to qualified small shipyard facilities, MARAD added.
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