DOT Invests $35.1 Million in Small Shipyards to Boost Maritime Industry

U.S. Transportation Secretary Sean P. Duffy announced that the Maritime Administration (MARAD) is allocating $35.1 million to 45 shipyards across 24 states and the U.S. Virgin Islands. This investment, a 300% increase in funding thanks to President Trump's Executive Order to Restore America's Maritime Dominance, aims to support critical infrastructure and workforce development in the maritime sector.