By the Numbers: Small Shipyard Grants
Small shipyards in the U.S. are critical to the nation’s maritime operations and economic security. Typically family-owned and employing less than 1,200 workers, America’s small shipyards support more than 400,000 jobs, employ more than 100,000 Americans directly and contribute tens of billions in gross domestic product, according to the U.S. Department of Transportation’s Maritime Administration (MARAD).In an effort to help support these vital assets, MARAD’s Small Shipyard Grant Program provides funds to help drive efficiency…
MarAd Grants Fuel U.S. Shipyard Growth
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $19.6 million in grants to support capital improvements at 28 U.S. small shipyards as a part of its Small Shipyard Grant program. The grants enable small shipyards to modernize equipment and processes to fuel future growth. “These grants help create jobs in America’s small shipyards, which play a significant role in our country’s maritime sector,” said U.S. Transportation Secretary Elaine L. Chao.In 2013, U.S. shipbuilders produced $37.3 billion in gross domestic product.
Yank Marine Upgrades Marine Travelift Hoist at Tuckahoe Yard
A new 300 mt marine lift for Yank Marine is being installed at its Tuckahoe, NJ shipyard. This new 300 metric ton marine lift was transported from Marine Travelift in Sturgeon Bay, Wisconsin on ten trucks and is currently being erected on site. It was purchased using a $961,676.00 grant from the Maritime Administration under the Assistance to Small Shipyards Grant Program, and will replace Yank Marine Inc.’s existing 200 metric ton Marine Travelift. As Yank Marine Inc.
