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The Role of Marine Technology in the Global Economy

The Role of Marine Technology in the Global Economy

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The Role of Marine Technology in the Global Economy

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  1. The Role of Marine Technology in the Global Economy VADM Conrad C. Lautenbacher, Jr., USN (Ret.) Under Secretary of Commerce for Oceans and Atmosphere NOAA Administrator World Maritime Technology Conference March 6, 2006

  2. Menu Slide • Marine Commerce Economics • A Growing Global Trade • Tools and Technologies • National Oceanic and Atmospheric Administration (NOAA) Role in Reopening the Gulf Coast following Hurricanes • Importance of Marine Technology The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  3. Economic Importance of Marine Commerce • $2 trillion dollars in U.S. waterborne foreign trade • 2.5 billion tons of domestic and international commerce • $32 billion dollars in gross output from U.S. water carriers • 4.8 million direct and indirect jobs linked to U.S. ports • $16 billion dollars in federal, state and local taxes • More than90% of global tradeis carried by sea The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  4. Increasing Use of Ocean • Doubling of U.S. Trade by 2020 • Growing Trade = Increased Traffic and Larger Vessels • Greater Importance of Marine Navigation Systems • “Without International Shipping, half the world would freeze and the other half would starve.” • -IMO The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  5. What are the technologies that provide the tools for growing marine commerce? 1’ of draft = $3M in autos $100K in coal The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  6. Technology and Tools Physical Oceanographic Real Time System Autonomous Underwater Vehicle Tide Gauge Electronic Navigation Charts LiDAR Image of Moss Landing Harbor Channel The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  7. Shut-in 100% of oil production –(1.5M barrels/day) Shut-in 94% of gas production (10B cubic feet/day) Mississippi Rivermouth closed Many goods frozen: Grain for Europe and Africa 70 % of U.S. coffee in flooded warehouse Bananas, Tires, Paint sat on barges clogging riverways Gas Prices up 150% Trucking rerouted at a loss of $1M/daty Fisheries Closed Allianz, Europe’s largest insurer may pay out up to $550 billion Effects of Hurricane Katrina and Rita The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  8. NOAA’s Role in Reopening the Gulf Coast • Navigation Response Teams • Damage Assessment Flights & Aerial Photography • Monitoring Water Levels with PORTS • Monitoring Health of Seafood Navigational Response Teams The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  9. NOAA’s Role in Reopening the Gulf Coast • Hazardous Material Response • Planning for Restoration • Ecosystem Monitoring • Water Quality • Fishery Stocks The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  10. Commerce Returning to the Gulf and to World Economy Oil Industry Fisheries Levees Hotels The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  11. Marine Technology Drives Global Economy Air Gap Sensor, Port of Long Beach • Bridges the gap between ocean users and industry • The future of marine trade depends on global advancement in ocean observation systems • We can see the future in trade but need to expand knowledge of both real time and forecasted ocean changes The Role of Marine Technology in Returning the Gulf Coast to the Global Economy

  12. Questions?