MARAD to Award $20M in Grants to Small Shipyards for Modernization
Continuing the Biden Administrations efforts to support the U.S. maritime industry while building in...
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Continuing the Biden Administrations efforts to support the U.S. maritime industry while building in...
Lyon Shipyard, a full-service ship repair and industrial service provider, will invest $24.4 million to expand its operation in the City of Norfolk.
Company operates yard on Elizabeth River in Norfolk
MARAD Awards $20 Million in Shipyard Grants Maritime Activity Reports, Inc. (Photo: Eastern Shipbuilding) The U.S. Department of Transportation’s Maritime Administration (MARAD) on Monday awarded $19.6 million in grants aiming to help 31 shipyards modernize, increase productivity, and expand local employment opportunities while competing in the global marketplace. The grants were awarded to shipbuilding and repair yards in 15 states throughout the U.S. as part of MARAD's Small Shipyard Grant Program. Since 2008, the program has awarded $262.5 million to nearly 300 shipyards in 32 states and...