MARAD Invests $35.1m Into Small US Shipyards

U.S. Transportation Secretary Sean P. Duffy today announced that the Maritime Administration (MARAD) is delivering $35.1 million to invest in critical infrastructure and workforce development at 45 shipyards across 24 states and the U.S. Virgin Islands. The program received a 300% increase in funding in 2026.

Projects examples include:

• $1,007,678 to Gulf Marine Repair Corporation in Tampa, Florida, for training center equipment, wheel loaders and upgrades to three berths in its south slip.
• $1,000,000 to Robert E. Derecktor, Inc. in Mamaroneck, New York, for an offshore marine crane.
• $991,565 to Carlisle & Bray Hebron Shipyard in Hebron, Kentucky, for a floating drydock.
• $387,745 to Signet Maritime Corporation in Pascagoula, Mississippi, for equipment including a plasma cutting table, welding tractors, a crane, and a vertical tilt-frame bandsaw.
• $321,474.38 to Safe Boats International LLC in Bremerton Washington, for 17 welding machines to be used in their aluminum welding/fabrication training program.