Dredging Coastal Ports An Assessment of the Issues (1985) / Chapter Skim
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1. Executive Summary
1. Executive Summary
Pages 1-3
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Many of those involved in ocean transportation noted that the United States would only be able to enjoy these economies of scale if it developed substantially deeper ports, ports capable of handling large deep-draft vessels. Second, although the seeming advantages and trends to larger vessels in the world fleet were evident, the 1970s saw little in the way of a response to these perceived needs for deeper U.S.
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Unless those risks are taken, however, the United States precludes the opportunity to take advantage of any benefits offered by large ships in the future. It must be emphasized that particularly with regard to bulk commodities, extreme swings in trade and transport have traditionally occurred over very short
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A common reading of several developments led to this consensus judgment -- the growing importance of world trade to the economic well-being of the United States; a trend to larger ships because they offer economies of scale; the importance of ocean transportation costs in the delivered price of high-volume, low-cost commodities, such as coal; the growing number of deep-water ports in other countries; rapid year-to-year fluctuation in trade in particular commodities; and the long lead times required to develop deep port capacity, and thus, the inability to develop additional port capacity in response to short-term fluctuation and need. The report is organized into seven chapters.
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