U.S. Department of Transportation Secretary Sean P. Duffy announced today that the Maritime Administration (MARAD) will invest $35 million into revitalizing America’s small shipyards.
The investment will go toward:
“This 200% increase in shipyard investments underscores President Trump’s commitment to restoring America’s maritime dominance strategy. Revitalizing this once great industry enhances our national security, reshores good paying jobs, and ensures goods get to where they need to go affordably,” said U.S. Transportation Secretary Sean P. Duffy.
“Thanks to President Trump and Secretary Duffy, the maritime industry is getting the resources it needs to restore U.S. strength on the seas,” said MARAD Administrator Stephen M. Carmel. “This $35 million investment will empower our domestic maritime industry to modernize facilities, foster competitive operations, and equip the American worker with the skills needed to restore our nation's maritime dominance.”
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