• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire

2

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

1

The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire

2

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
TechShipping

Lack of harbor maintenance is threatening U.S. shipping. Here’s how

By
David Z. Morris
David Z. Morris
Down Arrow Button Icon
By
David Z. Morris
David Z. Morris
Down Arrow Button Icon
May 13, 2015, 4:48 PM ET
Agg Breakbulk and birds on pond
A vessel carrying roll-on/roll-off cargo calls on Colonels Island Terminal at the Port of Brunswick, Ga. Outstanding trade in agribulk and roll-on/roll-off cargo at the Port of Brunswick led to an impressive 47 percent increase in total tonnage for fiscal year 2013. (GPA Photo/Stephen Morton)Photograph by Stephen Morton — GPA Photo

At the start of this year, Mercedes-Benz announced that it was shifting its headquarters from New Jersey to Georgia, where the company opened a processing facility back in 2010. Along with tax incentives, the move was motivated by Georgia’s plethora of ports, particularly the Port of Brunswick. Thanks to a major port deepening and infrastructure revamp completed in 2007, Brunswick has rocketed from sixth to first place among destinations for new car imports, breaking volume records for the last three years.

But even as its ambitious goals are coming to fruition, the Port of Brunswick is under threat. According to Georgia Port Authority CEO Curtis Foltz, silt settling into the harbor from upstream, or blown in by tropical storms, has raised the harbor bottom by several feet in some places.

“It’s been silting in,” says Foltz. “Now . . . the larger ships either can’t come to that port, or these ships have to wait for tides, or . . . can only be loaded at 70 or 80 percent of their capacity.” This increases shipping costs substantially, undermining the advantages of the initial project.

Similar stories are playing out at harbors across the country—about 2/3 of all ports and channels in the U.S. are below full depth and width at any given time, according to the American Association of Port Authorities. That’s because Congress has for years failed to allocate sufficient maintenance funds to the Army Corps of Engineers to dredge away silt and perform other maintenance.

The decreased harbor depth at so many U.S. ports couldn’t come at a worse time, given that the expanded Panama Canal is planned to re-open next year, allowing for the passage of larger container ships. The canal is expected to see an increase in shipping traffic, and many of those ships will be headed for ports on the American Gulf Coast and East Coast.

There’s plenty of money nominally available for harbor maintenance. According to the American Association of Port Authorities, $1.6 billion per year is collected through a Harbor Maintenance Tax (HMT) on imports. But of that, only about $850-900 million is actually being spent on harbor maintenance each year. City and state governments have allocated their own supplementary funds, but it’s not enough to keep up with the slow march of time and silt.

In its 2013 “Infrastructure Report Card,” the American Society of Civil Engineers gave America’s ports a “C” rating. This is higher than most other infrastructure sectors, largely because landside infrastructure like cranes—paid for by port authorities and private carriers—is in good shape. But ASCE repeatedly cited a lag in dredging maintenance nationwide.

“You have ports throughout the country that are woefully undermaintained,” says Foltz.

The shortfall is driven by a mix of fiscal weaseling and regulatory ambition. The American Association of Port Authorities publicly pushed in 2011 to have HMT funds strictly earmarked, in the same way airport and highway maintenance funds are. This is necessary, according to the AAPA, “to prevent the practice of applying the revenue to other non-dredging uses or to be otherwise misspent.” Bills intended to prevent just such misspending died in committee in both 2011 and 2013.

Port authority executives also complain that the approval and planning process for dredging and other port improvements is glacially slow. The Port of Savannah waited more than a decade for approval to begin deepening its harbor, finally granted last year.

2014 did see passage of the Water Resources Reform and Development Act, the first major maritime appropriations bill since 2007. It streamlined many aspects of the approval process for port development and directly approved a raft of projects.

But its approach to funding was to make big promises that won’t be fulfilled for a decade. The bill mandates that the portion of harbor maintenance tax revenues allocated to their intended use increase marginally each year. That allocation starts at 67% this year, but won’t reach 100% until 2025.

As for when that increased funding will help the Port of Brunswick solve its silt problem, no one knows for sure.

About the Author
By David Z. Morris
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

le
AIReligion
Pope Leo called AI an ‘instrument of domination, exclusion and death.’ Anthropic was in the room
By Nicole Winfield, Kaitlyn Huamani, Paolo Santalucia and The Associated PressMay 25, 2026
11 hours ago
r
EuropeRussia
A country of 2.9 million people on Russia’s border just had 600,000 national records stolen
By The Associated PressMay 25, 2026
12 hours ago
g
EnvironmentLaw
You can’t repair your tractor because Hollywood was terrified of the VCR
By Oana Godeanu-Kenworthy and The ConversationMay 25, 2026
13 hours ago
Antonio Gracias, founder, chief executive officer and chief investment officer of Valor Equity Partners
InvestingSpaceX
Elon Musk’s best friend could make more than $100 billion from SpaceX’s IPO. His firm is also owed billions by SpaceX
By Eva RoytburgMay 25, 2026
16 hours ago
Huawei touts chip breakthrough to shorten gap with TSMC
AsiaChina
Huawei touts chip breakthrough to shorten gap with TSMC
By BloombergMay 25, 2026
16 hours ago
mollick
Economydisruption
‘Nobody knows anything’ and ‘this time is different’: the phrases that define — and haunt — the AI economy
By Nick LichtenbergMay 25, 2026
16 hours ago

Most Popular

The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
Economy
The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire
By Nick LichtenbergMay 25, 2026
20 hours ago
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
Travel & Leisure
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
By Catherina GioinoMay 25, 2026
17 hours ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
5 days ago
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
Investing
Elon Musk's best friend could make more than $100 billion from SpaceX's IPO. His firm is also owed billions by SpaceX
By Eva RoytburgMay 25, 2026
16 hours ago
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
Real Estate
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
By Marco Quiroz-GutierrezMay 25, 2026
17 hours ago
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive
Lifestyle
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive
By Sasha RogelbergMay 24, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.