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

People & Company News

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

ISS Manages Heavy-lift Project at Port of Mombasa

Inchcape Shipping Services (ISS) announced it has completed another complex heavy-lift project in Africa, this time at the Port of Mombasa in Kenya. ISS was

Contracts

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

US Navy Orders Demonstration Craft from Willard Marine

Willard Marine, Inc. (WMI) announced it has been selected through a solicitation process to supply a demonstration model of a new, advanced combatant craft for the U.

Alu Design to Create Next Generation of Marine Chairs

There’s a new designer in the driving seat at Alu Design. Per Ivar Selvaag, the former Lead Designer at BMW Group and Chief Designer of Peugeot’s concept car division,

Ports

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

ISS Manages Heavy-lift Project at Port of Mombasa

Inchcape Shipping Services (ISS) announced it has completed another complex heavy-lift project in Africa, this time at the Port of Mombasa in Kenya. ISS was

New Gate Transits the Panama Canal

The first gate for the new locks in the Pacific side began transit Wednesday morning through the Panama Canal, signaling another historic milestone in the progress of the Expansion Program.

Logistics

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

Long Beach Cargo Continues to Climb

Cargo container traffic rose 7.3 percent in September at the Port of Long Beach compared to the same month last year, making for the Southern California seaport’s busiest September since 2007,

Continership Alliance Expands to US Trades

The CKYHE Alliance (COSCO, "K" LINE, Yang Ming, Hanjin Shipping, and Evergreen Line) has announced they will expand their cooperation scope to U.S. Trades and CKYHE

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1759 sec (6 req/sec)