According to the Bureau of Labor Statistics, the U.S. Shipbuilding industry generated nearly $8 billion in payroll in 2011, with an average annual wage of $73,630. Its jobs directly or indirectly support other areas of the U.S. economy, including agriculture, energy, and the arts. The Northwest is home to over 100 shipyards, including 26 in Washington State. Read on to learn more about the importance of the shipbuilding industry in the maritime economy.
While most shipyards are located in coastal areas, the entire shipbuilding industry supports economic growth in every state.
In 2011, more than 300 shipyards supported approximately 107,000 jobs. Job incomes are also higher than average, with average salaries of $73,000 compared to the national median of $42,000. In addition, shipbuilding supports more than 402,000 jobs and an estimated $9.8 billion in GDP and labor income annually.
In addition to shipbuilding, other industries supporting these jobs are highly concentrated. For example, aerospace companies have hub airports. For these reasons, shipyards and other aerospace-related businesses are located in specific communities. The closure of one of these industries can wipe out an entire community’s job base. Consequently, it is important to support these industries in every way possible. For example, a recent federal agency awarding $381 Constructors a $1.7 billion contract to expand and reconfigure a dry dock in Portsmouth, N.H., will improve a second dry dock in Portsmouth.
In addition to shipbuilding, the industry also includes jobs that support the port of Pearl Harbor.
These jobs include loading and unloading cargo, cleaning ship holds, assisting ships with docking, and transporting goods. These jobs all add value to the shipping industry at every stage. The U.S. economy is about $8 billion richer than ever because of shipyards and related industries.
The aviation industry and the shipbuilding industry share similar characteristics. Both industries support the maritime industry and play a vital role in the nation’s economy. They have enormous impacts on the supply chain. The maritime industry supports the Navy and the merchant marine, while the aviation industry operates the Civil Reserve Air Fleet. Both industries also create middle-class jobs. The future of these industries in the U.S. economy is uncertain, but their continued existence is a brighter outlook for the industry.
Many workers work for companies providing equipment and services for shipyards.
They also serve as terminal operators. Some jobs involve moving containers from truck chassis to railcars or storage stacks. Other workers perform tasks like loading and unloading containers. Workers also drive a motorized straddle carrier, which runs on rubber tires, around the terminal. They load and unload containers from truck chassis, which speeds up a delivery time.
In the United States, shipyards support a broad range of jobs, including both those directly supporting the industry and the indirect jobs that result from its suppliers. In 2011 alone, the industry provided more than 400,000 jobs, supporting an estimated $23.9 billion in revenue and $36 billion in GDP.
Depending on the location, salaries can range from $19,500 to $73,630.
However, most Shipyard Workers earn between $28,000 and $50,000 per year. In addition, some earn up to $60,000. Salary ranges vary by up to $22,000, so the ranges are likely to vary based on location, experience, and job description. However, there are several factors that can affect pay.
According to a report released by the U.S. Maritime Administration, jobs related to shipbuilding and repair generate nearly $233.7 million in wages and income annually. Shipyard-related jobs in the state of Washington support 10,620 jobs and contribute nearly $972.8 million to Washington’s economy each year. Overall, shipbuilding and repair companies support more than 402,010 jobs nationwide.
A shipyard worker’s salary varies widely depending on the job title they hold.
These workers generally perform welding, cutting steel, and other construction activities. Their skills may also include electrical work, plumbing, rigging, and painting. They can also be self-employed, which further impacts their wages. When considering the potential earnings for shipyard jobs, keep in mind that pay may vary by region and level of experience.
Private shipyards contribute over $42 billion annually to the U.S. economy. The Biden administration has proposed significant investments in this sector. Shipyards support economic growth and provide good jobs for thousands of workers. Almost 400,000 people in the U.S. work in shipyards, and they provide more than $25.1 billion in labor income to the country’s economy. The industry is also vital for other parts of the economy as workers spend their earnings to support the national or local economy.
The growing demand for skilled workers is creating new supply chains in the United States.
For example, Dominion Energy has recently announced a contract to build 10,000 tons of new wind turbine installation vessels in Alabama and West Virginia. Those new jobs will help to fuel a growing U.S. economy and create jobs in other industries.
The domestic maritime industry supports 478,000 jobs throughout the U.S. and provides more than $10 billion in tax revenue. Shipbuilding in the U.S. accounts for nearly half of all maritime industry jobs in the country. The state of Virginia ranks first among U.S. states in shipbuilding, and the industry is estimated to generate about $5.5 billion in wage income each year. It also contributes significantly to the economy of other parts of the country.
Growing demand for U.S. shipbuilding has created new opportunities for shipyards.
Increasing demand for LNG in the United States presents a unique opportunity to expand the shipbuilding industry in the U.S. By 2040, the global LNG market is expected to double, and the number of LNG ships that must service it will double. If shipbuilding becomes more profitable, the U.S. shipbuilding industry will continue to grow and create jobs for workers.
Growing demand for ships led to a transformation in the demographics of some cities in the United States. Historically, the shipbuilding industry was a place where white people could earn a living, but it also provided an opportunity for black Americans to escape the Jim Crow South. While the shipbuilding industry did not provide women or minorities with full employment, it did create a pathway to other parts of the U.S. economy.
The Washington State maritime industry is highly diverse, spanning more than three thousand miles of shoreline.
This economic activity supports nearly two percent of the state’s total jobs, as well as a diversified and growing support system for other maritime industries.
As of 2017, there were more than 200 private shipyards in the Pacific Northwest, directly supporting nearly 107,000 jobs. The entire maritime industry provided an estimated $42.4 billion in GDP and $28.1 billion in labor income. The Biden-Harris Administration recognizes the importance of the maritime industry and has proposed spending $17 billion on ports, inland waterways, and infrastructure to support the region’s shipping and manufacturing industries.
The state government has a stake in the shipbuilding industry and has designated an economic expert in the field.
The government has subsidized state-owned fleet operators and foreign competitors that are cheaper than the United States. Furthermore, the competitive nature of shipbuilding in the United States has led to the decline of U.S. commercial ship orders. Several shipyards have closed their doors, and the few remaining large commercial shipyards rely on a tiny U.S. domestic market.
The maritime economy of the Pacific Northwest relies on the Navy, which provides a $10.7 billion economic boost to the region each year. The navy also supports more than 78,000 jobs in the region, and it is considered an important part of the nation’s economy. It also serves as a “shock absorber” for the region. When the Navy is in use, the Pacific Northwest’s shipbuilding industry supports the economy of the region as it supports our nation in a “critical” time.
The United States shipbuilding industry has been an important part of the maritime economy for generations.
Its shipyards deliver everything from ocean-going container vessels to roll-on/roll-off (RORO) vessels. Its maritime industry also provides essential support for the government shipbuilding and repair industrial base. In the Pacific Northwest alone, there are over 117 shipyards, with thousands of jobs supported by the program.