In mid-April, Nancy McLernon, president and CEO of Organization for International Investment, wrote a piece for the Wall Street Journal in which she claimed that only a handful of US ports could accommodate “the most modern transport ships.”
She blamed this lack of capacity on a shortage of US dredges, and singled out a 112-year-old law, the Foreign Dredge Act of 1906, as the culprit for our country’s sad state of port capacity.
Ms. McLernon claimed, as an example, that a deepening project at the Port of Savannah was two years late and almost 40 percent over budget, because “US dredging companies simply aren’t capable of meeting demand…
Port of Los Angeles Considers Supplemental Container Storage
