THE ECONOMICS OF DEEPWATER TERMINALS
This study of the economics of offshore terminal facilities, which would permit the use of 200 to 300,000 ton vessels in our important bulk trades, indicates that by 1980 the additional costs to this Nation of failing to provide the most economical form of deepwater terminal facility could exceed $650 million annually, in terms of increased domestic prices of imported iron ore and crude oil and lost competitiveness in the export-coal market. The study was concentrated in six areas to explore the problem, its causes, and solutions: 1. The impact of the present continuing upward trend in the size of bulk carriers, the economic considerations underlying it, and the port-development projects undertaken throughout the world to meet it. 2. The major constraints to the use of large bulk carriers in present U.S. North Atlantic ports. 3. The need for providing deepwater terminal facilities in this region and the economic penalties for failing to do so. 4. The obstacles preventing multiple channel deepening on the North Atlantic coast. 5. The economics of alternative transshipment facilities located in deepwater harbors and the open sea along the North Atlantic coast. 6. The impediments to offshore terminal development projects in this area. This study is not meant to be the last word on this subject. It was intended, however, to provide a useful, comprehensive focal point for further research and discussion, which hopefully will lead to firm plans to provide deepwater terminals for U.S. foreign trade in the near future.
- Report prepared by the Maritime Administration Office of Ports and Intermodal Systems, Division of Ports.
Maritime Administration1200 New Jersey Avenue, SE
Washington, DC United States 20590
- Publication Date: 1972
- Pagination: 60 p.
- TRT Terms: Bulk cargo terminals; Deepwater harbors; Development; Dry bulk cargo; Offshore terminals; Port operations; Ports
- Subject Areas: Marine Transportation; Terminals and Facilities;
- Accession Number: 00043943
- Record Type: Publication
- Source Agency: Maritime Administration
- Files: TRIS, USDOT
- Created Date: May 4 1974 12:00AM