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MARAD Allocates $35.1 Million to Support Small U.S. Shipyards

U.S. Transportation Secretary Sean P. Duffy announced a $35.1 million investment in infrastructure and workforce development at 45 shipyards across 24 states and the U.S. Virgin Islands, with funding increasing by 300% in 2026.

Project Examples:

  • Gulf Marine Repair Corporation (Tampa, FL): $1,007,678 for training center equipment and upgrades to berths.
  • Robert E. Derecktor, Inc. (Mamaroneck, NY): $1,000,000 for an offshore marine crane.
  • Carlisle & Bray Hebron Shipyard (Hebron, KY): $991,565 for a floating drydock.
  • Signet Maritime Corporation (Pascagoula, MS): $387,745 for equipment including plasma cutting, welding tractors, and a crane.
  • Safe Boats International LLC (Bremerton, WA): $321,474.38 for welding machines for their training program.

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