The Bayonne Drydock & Repair Corp. announced Wednesday that it has been awarded $730,477 in grant funds by the U.S. Department of Transportation’s Maritime Administration to help modernize the shipyard.
The award, granted through the Small Shipyard Grant Program, will be used to purchase ultra-high-pressure hydro blasting equipment and telehandlers. Small shipyard grant funds help awardees modernize, increase productivity and expand local employment opportunities while competing in the global marketplace.
“As shipbuilding technologies continue to advance, Small Shipyard Grants help America’s shipyards acquire the equipment they need to compete, thrive and expand America’s maritime industry,” Maritime Administrator Ann Phillips said. “These grants are also economic boosts to the communities in which shipyards are located, as well as to our industrial supply chain.”
Since 2008, MARAD’s Small Shipyard Grant Program has awarded $303 million to nearly 350 shipyards in 32 states and territories throughout the U.S.
“Small shipyards strengthen America’s commercial fleet, bolster our economic security and generate good jobs,” U.S. Transportation Secretary Pete Buttigieg said. “We are proud to support these shipyards reinforce their vital role in the U.S. maritime sector.”