US Maritime Administration to allot US$20 million in funding for small shipyards

By Baird Maritime - January 23, 2023.

The US Department of Transportation’s (DOT) Maritime Administration (MARAD) has confirmed the availability of nearly US$20 million in Federal Fiscal Year 2023 funding to help modernise small US shipyards and train the workforce in the shipbuilding sector.

Small Shipyard Grants are available to US shipyards with fewer than 1,200 production employees. In July 2022, the DOT announced US$19.6 million in grant awards to 24 small shipyards in 19 states through the program.

Applications for grants are due by 17:00 EST on February 27, 2023. Additional information can be found here.