What's Happening?
Peter Duclos, President and Director of Business Development at Gladding-Hearn Shipbuilding, is leading the third generation of his family in managing the Somerset, Massachusetts shipyard. The company, founded in 1955, occupies 6.5 acres on the Taunton River and has delivered over 180 commercial vessels. Duclos, with a mechanical engineering degree and a U.S. Coast Guard master’s license, oversees sales, marketing, and strategic planning alongside his siblings. The shipyard maintains all trades in-house, enhancing cost control and quality, and averages five new vessels annually. The Trump Administration's focus on maritime policy has been welcomed by Duclos, who sees potential benefits for small and medium-sized shipbuilders like Gladding-Hearn.
AD
Why It's Important?
The Trump Administration's emphasis on shipbuilding and maritime matters could significantly impact the industry, particularly for smaller shipyards. Programs like MARAD's Title XI financing and Small Shipyard Grants are crucial for sustaining workforce development and enhancing capabilities. Gladding-Hearn has utilized these grants to improve its facilities, making it more competitive. The focus on training and continuous workforce development is vital for the growth of the maritime sector, which Duclos highlights as a key area needing long-term investment. The policy changes could lead to increased opportunities and growth for shipyards, aligning with national efforts to revitalize the maritime industry.
What's Next?
Gladding-Hearn plans to continue leveraging MARAD's Small Shipyard Grant Program to further enhance its capabilities. The shipyard aims to align its craftsmanship with national maritime revitalization efforts, potentially benefiting from policy changes. Duclos anticipates that even modest policy shifts could have a significant impact on the shipyard's operations. The focus on training and workforce development will remain a priority, with hopes for longer-term programs to support industry growth. The shipyard's future will be shaped by its ability to adapt to these changes and continue innovating in its niche market.
