Capt. Reed Richardson says the Jones Act waivers are allowing foreign-flag vessels to perform work that could be handled by the U.S. fleet, threatening American maritime jobs while weakening safety oversight and a domestic mariner base that supports U.S. economic and national security interests.
Marad is reviewing 172 applications requesting a combined $162.7 million in FY 2026 grant funding, all competing for the $35 million available through the Small Shipyard Grant Program. While the FY 2026 appropriation represented a significant increase from the $8.75 million provided in each of the previous two years, the demand for funding far exceeds available resources.
Eastern Shipbuilding Group has delivered the vehicle-passenger ferry Falcon to the Fisher Island Community Association in Florida.
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