Colonna\u2019s Shipyard Invests $79 Million in Norfolk
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\nColonna\u2019s Shipyard, Inc. (CSI) is acquiring its fourth drydock, marking a significant milestone for the oldest continuously operating family-owned shipyard in the United States. According to company officials, the new drydock represents a major company investment of over $79 million. Drydock #4 is expected to have an approximate lifting capacity of 25,000 tons, positioning CSI to further enhance its capabilities in providing critical ship repair and maintenance services to a diverse range of maritime clients.\u00a0<\/p>\n
\u201c\u2018Made in America\u2019 means \u2018Made in Virginia,\u2019 and with this major investment by Colonna\u2019s Shipyard, that is especially true for America\u2019s naval shipbuilding and commercial maritime industry,\u201d said Governor Glenn Youngkin. \u201cThe acquisition of this new drydock is not just an investment in infrastructure, it\u2019s an investment in the long-term strength of our national defense and commercial fleet support. I congratulate CSI on this exciting new chapter and applaud their ongoing commitment to growth in the Commonwealth of Virginia. Together, we\u2019re ensuring that Virginia remains the premier hub for shipbuilding and repair on the East Coast and across the nation.\u201d\u00a0<\/p>\n
\u201cI\u2019ve witnessed first-hand the growth and success of Colonna\u2019s Shipyard over the years,\u201d said Secretary of Transportation W. Sheppard Miller III. \u201cAs home to the world\u2019s largest military installation, a best-in-class port and other top-tier infrastructure, there\u2019s no better place for Colonna\u2019s Shipyard to make this strategic investment. I\u2019m excited to see shipbuilding continue to thrive in the Commonwealth as our nation renews focus on this critically important industry.\u201d \u00a0<\/p>\n
\u201cThis new drydock acquisition is a testament to our continued dedication to quality service, on-time delivery, and our steadfast focus on the future,\u201d said Randall Crutchfield, Chairman & CEO of Colonna\u2019s Shipyard, Inc. \u201cThe expansion of our drydock capacity will further strengthen our ability to serve both our commercial and government clients, ensuring that we can meet their ever-evolving needs with unmatched expertise and reliability. This investment is also a continued commitment to our employees and the economic vitality of Norfolk\u2019s industrial working waterfront, which has been an integral part of our success for over a century.\u201d\u00a0<\/p>\n
\u201cColonna\u2019s Shipyard has been a cornerstone of Norfolk\u2019s economy and maritime identity for more than 145 years,\u201d said Norfolk Mayor Kenny Alexander. \u201cThis $79 million investment not only strengthens Norfolk\u2019s position as a national leader in ship repair and innovation, but also reflects the company\u2019s enduring commitment to our people, our port, and our future. The expansion of Colonna\u2019s drydock capacity will create opportunity, sustain good-paying jobs, and ensure our city\u2019s working waterfront continues to thrive for generations to come.\u201d\u00a0<\/p>\n
The Drydock #4 Project is slated for delivery in the first half of 2028, continuing CSI\u2019s ongoing efforts to expand and modernize its facilities to meet the growing demand for ship repair and conversion services. Over the past decade, Norfolk-based CSI has invested more than $150 million to grow shipbuilding and sustainment capacity within its U.S. facilities.
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Note: Colonna’s Shipyard was featured in the May\/June 2025 issue<\/a> of The Maritime Executive.\u00a0<\/strong><\/em><\/p>\n<\/div>\n \t
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