As Exports Rise, Maritime Moves America

by Paul “Chip” Jaenichen
Monday, August 25, 2014
Photo courtesy of the U.S. Department of transportation

Today, I had the opportunity to speak to a group of industry professionals at the Finished Vehicle Logistics Conference, where the theme of the discussion was the import and export of new cars.

I’m sure you’re wondering what vehicle logistics has to do with the Maritime Administration. And that’s a very good question.

My role at this conference highlighted the critical —yet often overlooked— fact that maritime moves America.

Last year, nearly 9.8 million metric tons of vehicles were imported and exported through the 40 U.S. ports that handle vehicles. Furthermore, the value of U.S.-manufactured vehicle exports has increased nearly four-fold over the last decade, growing from $9 billion in 2003 to $38 billion in 2013.

This represents a clear growing demand for U.S.-manufactured vehicles and other products in overseas markets, which means increased traffic and demands for U.S. port facilities. That’s why MARAD is doing all it can to prepare the industry for increasing volumes in waterborne automotive trade and the movement of other freight.

Last year, nearly 9.8 million metric tons of vehicles were imported and exported through the 40 U.S. ports that handle vehicles. Furthermore, the value of U.S.-manufactured vehicle exports has increased nearly four-fold over the last decade, growing from $9 billion in 2003 to $38 billion in 2013.

This represents a clear growing demand for U.S.-manufactured vehicles and other products in overseas markets, which means increased traffic and demands for U.S. port facilities. That’s why MARAD is doing all it can to prepare the industry for increasing volumes in waterborne automotive trade and the movement of other freight.

dot.gov/fastlane
 

  • Photo courtesy of the U.S. Department of transportation

    Photo courtesy of the U.S. Department of transportation

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Norvestor to Become PG’s Largest Shareholder

Norvestor VI, L.P., a fund advised by Norvestor Equity AS, announced it has signed an agreement to invest in Ing Per Gjerdrum AS including its subsidiaries PG Hydraulics AS and PG Construction AS.

GasLog Closes First Option Vessels Dropdown

GasLog Ltd.  announced today the closing of the sale of two modern liquefied natural gas (“LNG”) carriers, the Methane Jane Elizabeth and Methane Rita Andrea,

Brent Holds Above $97, Eyes Worst Quarter Since 2012

Brent crude futures hovered above $97 a barrel on Tuesday, aided by firm U.S. and Chinese data, but the oil benchmark was on track for its deepest quarterly drop

News

NY Harbor Supply & Distribution Fall Reception/Buffet

More than 600 attendees are expected at the 52nd annual New York Harbor Supply & Distribution Fall Reception/Buffet for the energy and energy related industries

Kounalakis Joins OW Bunker N. America

OW Bunker, a reseller and physical supplier of marine fuels, announced the appointment of Georgia Kounalakis to its physical supply operation in North America.

Louisiana to Get Natural Gas Liquefaction and Fueling Facility

Tenaska Bayou LNG expected to meet growing marine, transportation and oil and gas exploration and production demand on the Gulf Coast Tenaska NG Fuels, LLC and Waller Marine, Inc.

People in the News

Shipping's GHG Emissions Down

The total Green House Gas (GHG) emissions from global maritime transport are estimated to have been over 20% lower in 2012 than in 2007, according to "London Matters

NAT Tankship Rescues 150 in Mediterranean

Nordic American Tankers Limited ("NAT") says the one of its vessels, the 'Nordic Passat' performed a rescue operation, involving 150 people in the Mediterranean last Saturday afternoon,

FSL Trust Appoint Esben Poulson Independent Director

FSL Trust Management Pte. Ltd. (“FSLTM”), as Trustee- Manager of First Ship Lease Trust (“FSL Trust” ) informs it has appointed Esben Sofren Poulsson as Non-Executive Independent Director of FSLTM,

Government Update

Cove Point LNG Export Facility Gets US FERC Approval

U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

Port Firm Fined £650,000 for Health, Safety Breach

A port operator has today (Monday 29 September) pleaded guilty to health and safety breaches, following the deaths of three crew members of a tug which capsized on the River Clyde in 2007.

IRPT, Community College MoA on Maritime Training

The Inland Rivers, Ports and Terminals (IRPT) Trade Association announced today that it has entered into a memorandum of understanding with Lewis & Clark Community

Logistics

MOL Restructures Asia to S. Africa Service

Mitsui O.S.K. Lines, Ltd. (MOL) announced the restructuring of its existing Asia to South Africa liner services into two direct loops. One service will call South China,

DMR Examines Container Terminal Congestion Issues

Container port congestion has been hitting the headlines recently, but the reasons for it vary widely and in many cases it is only a short term issue. Certain world

Signet Transports Second LLOG Rig to GofM

On September 14, five Signet Maritime ASD/Z-Drive tugboats, the SIGNET ENTERPRISE, SIGNET RELIANCE, SIGNET MAGIC, SIGNET WEATHERLY, and SIGNET VOLUNTEER successfully

 
 
Maritime Careers / Shipboard Positions Navigation Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2068 sec (5 req/sec)