MARAD grants around $20m to 31 small shipyards in the US 27 Apr 2021 (Last Updated April 27th, 2021 13:06)
The United States Maritime Administration (MARAD), an agency of the United States Department of Transportation, has awarded $19.6m in grants to 31 small shipyards in 15 states.
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Since 2008, MARAD has granted nearly $262.5m to 300 shipyards in 32 states and territories across the country. Credit: Max Gössler from Pixabay.
The United States Maritime Administration (MARAD), an agency of the United States Department of Transportation, has awarded $19.6m in grants to 31 small shipyards in 15 states.
The funding will be provided under the Small Shipyard Grant Programme.
The aim is to help the shipyards upgrade, enhance productivity and increase local employment prospects.
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