The Maritime Administration (MARAD) is set to deliver 35.1 million USD worth of investments into critical infrastructure and workforce development at a set of 45 shipyards across 24 states, as well as the US Virgin Islands.
The programme has received a 300% funding increase in 2026 as a result of an executive order made by President Trump.
MARAD will inject 35.1 million USD worth of investments into critical infrastructure and workforce development
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Examples of funding include:
- 1,007,678 USD to Gulf Marine Repair Corporation in Tampa, Florida, for training centre equipment, wheel loaders and upgrades to three berths in its south slip
- 1,000,000 USD to Robert E. Derecktor, Inc. in Mamaroneck, New York, for an offshore marine crane
- 991,565 USD to Carlisle & Bray Hebron Shipyard in Hebron, Kentucky, for a floating drydock
- 387,745 USD 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 USD to Safe Boats International LLC in Bremerton Washington, for 17 welding machines to be used in their aluminium welding/fabrication training programme
MARAD Administrator Stephen M. Carmel, said:America’s small shipyards drive our maritime economy and strengthen our national readiness.
Across the Nation, shipyard workers bring the skill, innovation, and technical expertise that build, repair, and launch the vessels America depends on. These investments support the Maritime Action Plan and will strengthen America’s maritime future for years to come.
