Colonna’s Shipyard invests $79M to build 4th drydock
Colonna’s Shipyard Invests $79 Million in Fourth Drydock Expansion
Norfolk-based Colonna’s Shipyard, the oldest continuously operating family-owned shipyard in the United States, has announced a significant investment of $79 million to construct its fourth drydock in Norfolk. This expansion is set to enhance the shipyard’s capabilities in ship repair and maintenance services for maritime clients.
Colonna’s Shipyard’s new drydock, with an approximate lifting capacity of 25,000 tons, is poised to revolutionize its shipbuilding and repair operations. Governor Glenn Youngkin emphasizes the significance of this investment in bolstering America’s naval shipbuilding and commercial maritime industry.
Chairman and CEO Randall Crutchfield underscores the shipyard’s dedication to quality service and future-focused approach through the acquisition of the new drydock. This expansion solidifies Colonna’s Shipyard’s position in meeting the evolving needs of both commercial and government clients.
Colonna’s Shipyard, founded in 1875, has been a key player in the ship repair, marine, and industrial machining industry. With over 700 employees and a rich history of serving the maritime sector, the shipyard’s ongoing investments in infrastructure highlight its commitment to growth and excellence.
For a fresh perspective on a familiar topic, the expansion of Colonna’s Shipyard’s drydock facilities showcases a dedication to innovation and meeting industry demands. This strategic investment underscores the shipyard’s continued evolution and adaptability in the competitive maritime market.
