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…