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.