Trump Administration Announces $8.75 Million in Small Shipyard Grants, Continuing Funding Decline

As part of our Career Connect Washington Maritime Sector ongoing work, we actively track, document, and inform about emerging technologies and trends. The U.S. Maritime Administration (MARAD) has awarded $8.75 million in grants to support 17 small shipyards across 12 states, Transportation Secretary Sean P. Duffy announced today. The funding, part of the Small Shipyard Grant program, aims to revitalize U.S. shipyards and strengthen America’s maritime capabilities.

This year’s allocation matches the 2024 amount, marking the lowest funding levels since 2016. The program saw significantly higher investment in recent years, with funding peaking at approximately $20-21 million in both 2022 and 2023.

Go to this link to read the full article published by gCaptain https://gcaptain.com/trump-administration-announces-8-75-million-in-small-shipyard-grants-amid-funding-decline/

Chesapeake Shipbuilding. Photo credit: American Cruise Lines