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The U.S. dredging industry is highly competitive and saves the taxpayer hundreds of millions of dollars every year.
In 2022, according to The Mike Hooks Report , An Analysis of the FY22 U.S. Federal Dredging Market, compiled in September 2023 finds the following:
This means that the U.S. private sector dredging industry is fiercely competitive and is delivering services that saves the federal government, and therefore the taxpayer, hundreds of millions – $670M in FY22 alone , the Dredging Contractors of America (DCA) said.
New construction of Jones Act dredges – U.S. owned, built and crewed vessels have been rolling off the blocks for the past five years and will continue into the foreseeable future – over $2.5Billion in recapitalization.
Let’s review the shipyard order books on the publicly available announcements:
The FY2022 Mike Hooks Report is authored by Michael Gerhardt, Sr. VP of Dredging Contractors of America member company Mike Hooks, LLC.