Kiplinger investor newsletter highlights US dredging industry

Posted on May 26, 2022

According to Kiplinger:

“Business conditions for the US dredging industry should remain healthy for the next few years, given the strong interest in making improvements to US water infrastructure and Uncle Sam‘s willingness to fund such projects.

Last year‘s infrastructure legislation allocated $17.1 billion to US ports and waterways. Dredging is a crucial part of port construction and expansion, allowing for the accommodation of more and bigger ships. Indeed, only a handful of American ports currently have deep enough channels (50 feet or more) to serve the world’s largest container ships, which now exceed 200,000 tons.

That should translate into plenty of opportunities for US dredging firms, including Great Lakes Dredge and Dock Company, America’s largest provider of Dredging services. Ditto for shipyards…”

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