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Do We Have a Systemic Under Investment in Dredging Capacity?
Ports in the united states are owned by the states and municipalities, so they're local entity. Yet the waters that connect those ports to the ocean are federal. The army corps of engineers has been tasked with basically maintaining the dredging. And we just have under invested in this. It's not a very sexy topic. No one likes to talk about it. But it's absolutely essential.