Alaska Packs Powerful Maritime Economic Punch: New Study

MarineLink.com
Friday, March 21, 2014
Crude carrier: Photo courtesy of Alaskan Tanker Co. Alaskan

A recent study for the Transportation Institute by PricewaterhouseCoopers (PwC) revealed that Alaska is a major domestic maritime state, ranking third among all American states for domestic maritime industry economic impact.

The American domestic maritime industry includes vessel operators, marine terminals, shipyards, and workers engaged in the movement of cargo exclusively within the U.S. Key findings of the PwC study as they relate to Alaska were as follows:

  • Alaska ranks #3 among all U.S. states in per capita jobs related to the American domestic maritime industry. The State is home to an estimated 4,530 American maritime jobs, and related worker income exceeds $344 million annually.
  • Total gross economic output related to the State’s domestic maritime industry exceeds $1 billion annually.
  • Alaska is an important shipyard state. A recent study of shipbuilding by the U.S. Maritime Administration, covering both commercial and military ship construction, found a $108 million annual economic impact in Alaska with 1,150 associated jobs. More than $63.9 million in worker income is attributable to the shipyard industry in Alaska.
  • Alaska’s at-large Congressional District, represented by Cong. Don Young, ranks 13th out of all 435 Congressional Districts in the U.S. for American maritime industry economic impact.
  • Domestic maritime cargo originating in Alaska totals more than 38 million tons each year. The following are the top states receiving cargo from Alaska:
  • Domestic maritime cargo transported into Alaska totals more than 8.8 million tons each year.
  • Each year 34.2 million tons of crude petroleum originating in Alaska is transported by ship to other American states. In addition, Alaska brings in 7.4 million tons of petroleum products from other states.
  • Overall, petroleum products are the top commodity category moved by domestic vessels from Alaska to other states. Manufactured goods are the top commodity category received by domestic vessels into the State.
  • Alaska’s own navigable waterway network of over 5,400 miles is the largest in the country, and almost twice the amount of the next largest network in Louisiana. On this vast network, Alaska moves commodities across the vast 586,000 square miles of the state.
     

Sources: The Transportation Institute, PwC

 

 

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

People & Company News

Coast Guard Foundation to Honor Longtime Supporter

National Tribute Set for Thursday, October 9, 2014 The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families,

Last Call to Register for SHIPPINGInsight

Maritime industry conference and exhibition opens next week in Stamford, Conn. There’s still time to register online for SHIPPINGInsight 2014, the North American

Aage Hempel to Service and Distribution Simrad Products Aage Hempel Netherlands b.v. signed an agreement with Navico Europe b.v. for service and distribution

Contracts

Aage Hempel to Service and Distribution Simrad Products Aage Hempel Netherlands b.v. signed an agreement with Navico Europe b.v. for service and distribution

Two More Damen Twin Axe Catamarans for SeaZip

Damen Shipyards and SeaZip Offshore Service signed another contract for two Damen Fast Crew Suppliers (FCS) 2610 at Wind Energy in Hamburg. The two new vessels,

Boeing, Liquid Robotics Enter Maritime Surveillance Partnership

Boeing and Liquid Robotics signed a global, multiyear teaming agreement for collaboration on product development, maritime services and operational deployments.

Ports

Fire at Los Angeles Port Stops Container Traffic

Thick smoke from a smoldering fire started by a welder's torch at the Port of Los Angeles was preventing the movement of containers at the facility on Tuesday,

Air Pollution Continues Decline at Port of Long Beach

Diesel air pollution from ships, trucks, trains and other big machines at the Port of Long Beach has declined by 82 percent since 2005, a comprehensive air quality analysis has found.

New Rotation of CMA CGM Joint Service Unveiled

CMA CGM S.A. (CMA CGM) announced the rotation of its new service in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL)

Logistics

Suncor Sends First Tanker of Western Canada Heavy Crude to Europe

Canada's largest oil and gas producer, Suncor Energy Inc, is shipping its first ever tanker of Western Canadian heavy crude from Canada's East Coast to Europe, a company spokeswoman said on Tuesday.

US Sets Import Duties on Chinese Containers

The U.S. Commerce Department on Tuesday set duties on imports of rail and road transport containers from China after finding the goods were produced using unfair government subsidies.

Fire at Los Angeles Port Stops Container Traffic

Thick smoke from a smoldering fire started by a welder's torch at the Port of Los Angeles was preventing the movement of containers at the facility on Tuesday,

Consulting

Impact of CITGO Oil Refineries Sale: Analysis

A sale of Venezuelan state oil company PDVSA’s Citgo refining assets could dramatically change crude oil flows: Poten & Partners consider the outcomes in their latest 'Tanker Opinion'.

MN 100: Alternative Marine Technologies LLC

62 Southfield Road, Suite 214 Stamford CT. 06902 Website: www.alternativemarinetech.com E-Mail: rkunkel4@gmail.com President / CEO: Robert Kunkel Number of

Specialised Reefer Container Operators can Thrive: DMR

Despite growing competition from container lines, specialised reefer operators can still thrive, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast,

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Ship Electronics 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: 0.1280 sec (8 req/sec)