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Maritime & Offshore Industry | USA
With more than 112.000 FTE working in the business, the maritime and offshore industry in the United States of America is a large one. At its height, U.S. shipbuilding boasted approximately 1,000 shipyards. Today, there are 350 shipyards that deliver around 1,300 vessels in a year.
The Gulf Coast is a major center of economic activity where many US shipyards are located. Texas and Louisiana boast thriving shrimping and fishing industries and the Port of South Louisiana and the Port of Houston are two of the ten busiest ports in the world by cargo volume. The discovery of oil and gas deposits along the coast and offshore, combined with easy access to shipping, have made the Gulf Coast the heart of the U.S. petrochemical industry. The coast contains nearly 4,000 oil platforms.
With nearly 69% of domestic ship production and repair, military shipbuilding (naval ships, patrol ships and submarines) makes up the largest part of the U.S. shipbuilding industry. There used to be 35 shipyards that could build naval ships, but now only seven remain. This market segment is mostly dominated by two large corporations: General Dynamics (GD) and Huntington Ingalls Industries (HII).