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

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.

HII Appoints Brenton as Corporate Director

Huntington Ingalls Industries (HII) announced today that Capt. Kevin Brenton (U.S. Navy, Ret.) has joined the company as corporate director of customer affairs for submarine programs.

Contracts

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

MAN Propulsion Packages for New Icelandic Trawlers

MAN Diesel and Turbo inform that Icelandic owners, HB Grandi, Vinnslustodin hf. and Hradfrystihusid Gunnvör, have ordered newbuildings based on two different ship

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

Ports

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.

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

Fire at Milazzo Refinery Impacts Docks

Inchcape Shipping Services  is advising of extensive disruption after a fire broke out Friday afternoon (27 September) at Italy’s energy giant Eni and Kuwait Petroleum’s

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

Consulting

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

IMO Takes Important Step Towards Electronic Certificates

In the future, the IMO member States should accept the use of electronic certificates. This is the request of the Facilitation Committee (FAL) and, hence, the road is paved for less paperwork,

ISS Chile Advising on Oil spill at Quintero Bay

Inchcape Shipping Services (ISS) Chile is advising of an oil spill at Quintero Bay, Nr Valparaiso, Chile, following an incident on Thursday 24th September at

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Simulators Sonar
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: 4.6856 sec (0 req/sec)