The Maritime Administration has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America's maritime dominance. The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development, and new technologies that strengthen U.S. shipbuilding and repair capabilities.
"President Trump's plan to reclaim maritime dominance starts with rebuilding America's shipyards," said U.S. Transportation Secretary Sean P. Duffy. "This program will help America to build big, beautiful ships again to counter Chinese competition and maintain freedom on the seas."
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.