Page 17: of Maritime Reporter Magazine (March 2018)

U.S.-Flag Dredging Fleet Capacity State in the nation for jobs, economic districts in terms of domestic maritime sels. The SHEP has broad national im-

The U.S. Flag dredging industry has output, labor compensation, and value jobs and economic impact. pacts, and with this achievement, we are had the capacity to safely, economical- added related to the domestic maritime • Nationally, the domestic maritime now halfway to realizing more than $280 ly and timely complete every dredging industry according to a study prepared industry accounts for 499,676 jobs, million in net annual bene? ts for the na- project in the United States. We have by PricewaterhouseCoopers (PwC) for $29.1 billion in labor compensation, tion.” successfully deepened every port in the the Transportation Institute. $100.3 billion in economic output, $45.9 “Completion of the entrance channel is country as called for by our customers • The State of Louisiana is the top billion in value added and $11.4 billion possible because of great partnerships: and will continue to do so. Moreover, domestic maritime states in the U.S. It in taxes. There are more than 40,000 Georgia Ports Authority, Georgia De- the deepening projects have largely ranks ? rst among all states for domestic vessels in America’s domestic ? eet, one partment of Transportation, Great Lakes been completed well below the govern- maritime jobs with 61,956. of the largest in the world. Dredge and Docks Company, resource ment estimates for the work. Most re- • Domestic maritime-related labor agencies, and Congress.” cently, major port deepening projects compensation exceeds $3.4 billion an- Competitiveness and Costs Next, the original U.S. govern- in Charleston, Jacksonville, Delaware nually. The U.S. dredging industry is highly ment estimate for the current phase of

River, Boston and New York were all • The total gross economic output in competitive with more than 50 differ- the Jacksonville deepening project is bid well below the U.S. Army Corps of the State is over $14.25 billion annually. ent companies awarded federal work $43,170,000. The winning bid by Du-

Engineers cost estimates for the work. Gross output is the “sum of receipts (or each year and 80 different companies tra Dredging Company came in at

The U.S.-? agged dredging ? eet, both sales) and other gross income generated” bidding on that work each year. U.S. $22,826,400 nearly 50% less than the private- and state-owned, totals more in the domestic maritime sector, accord- industry regularly works with the U.S. government’s estimate.

than 400 dredges. In 2017, the U.S.- ing to PwC. Army Corps of Engineers, ports, and In June 2018, Jacksonville Deepening ? agged hopper dredging ? eet capacity • The total value added for goods and the environmental community, to make Contract #2 is scheduled to bid. Multiple increased by 34% with the addition of services moving by domestic waterborne project execution in the U.S. safer, more dredging contractors have responded to two large new-build vessels built in U.S transportation in Louisiana is over $5.3 ef? cient, more productive, while mini- the Corps’ Sources Sought inquiry, sub- shipyards by U.S. workers. In fact, the billion annually. Value added represents, mizing project impacts. Here are some mitting dredge availability lists for this

U.S. dredging industry is amid a $1 bil- essentially, the gross domestic product recent quotes by experts. deepening project. Multiple U.S Indus- lion-plus capital construction program. for the domestic maritime sector in Loui- “The completion of entrance channel try large cutter suction and mechanical

New investments include four large cut- siana. dredging is perhaps the most signi? cant dredges are available to perform this ter suction dredges, two large hopper • Four of Louisiana’s Congressional milestone to date for the Savannah Har- work. On January 29, 2018, the U.S. dredges, and approximately 50 barges Districts are in the top 10 of all districts bor Expansion Project,” Col. Marvin Army Corps released its estimate for the built in shipyards across the U.S. in terms of economic impact, accounting Grif? n, Commander of the Savannah Boston Harbor deepening project and for over 54,000 jobs and nearly $13 bil- District, said. “As of today, approxi- it was $166.37 million. The apparent

Jobs lion in economic output annually. mately half of the Savannah harbor’s winning bid for this project is $122.22

When it comes to the Jones Act—Lou- • In fact, Louisiana’s 3rd Congressio- 40-mile channel is deepened and better million by a joint venture of the Dutra isiana is all that. Louisiana is the top nal Districts ranks ? rst among all other equipped to handle post-Panamax ves- Group and Jay Cashman, Inc.

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