The 1906 Dredging Law Holding Back the US Economy - Bloomberg

The long grounding of the cargo ship The Ever Forward has shone a spotlight on the limited dredging equipment that exists in the US. The most powerful equipment here has significantly less capacity than what exists in Europe, or in the Suez Canal. What's more, the US can't use foreign equipment due to a law known as the Foreign Dredging Act of 1906, which requires that any dredging done in the country, be done with US labor on US-owned ships. And while this has come to the fore due to the Ever Forward, the significance could be far wider. On this episode of the podcast we speak with Howard Gutman and Andrew Durant, both of whom are working to overturn the law. They argue that the restrictions on dredging equipment have significant negative ramifications for the environment, port capacity, and therefore the economy overall.

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source: https://www.bloomberg.com/news/audio/2022-04-20/the-1906-dredging-law-holding-back-the-us-economy-podcast

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