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The U.S. dredging industry is highly competitive and saves the taxpayer hundreds of millions of dollars every year.
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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.
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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 sect