Washington’s maritime industry, heavily anchored in Seattle, is growing and becoming increasingly linked to a diverse array of other industries. A new report found the industry worth almost $38 billion in 2015.
Click through to see ships and shipping of Seattle’s past.
Pictured: The CMA CGM Benjamin Franklin, the largest container ship ever to call on a U.S. port, arrived to Seattle’s Terminal 18 on Monday, Feb. 29, 2016. The vessel is 1,300 feet long, 177 feet wide, 197 feet high and can carry up to 18,000 containers. It is scheduled to leave Tuesday morning for China.
It’s not small potatoes; rather, it’s big ships, deep keels and full holds.
Washington’s maritime industry is worth a combined $37.8 billion, with nearly 70,000 people employed in the trades and links to a variety of supportive industries.
Though the industry has changed over the years, it still holds a significant place in Washington’s and specifically in Seattle’s economy, with 2.2 percent of all jobs statewide linked directly to maritime trades.
That’s per an analysis presented by the Washington Maritime Federation in the “2017 Washington State Maritime Sector Economic Impact Study,” released earlier this week. The analysis was conducted by Community Attributes, Inc.
CLICK THROUGH THE PHOTOS ABOVE TO SEE SHIPS AND SHIPPING OF SEATTLE’S PAST.
Despite issues of recruitment that have reportedly plagued the industry in recent years, maritime trades are staying afloat nicely.
“We’ve seen consistent growth across all subsectors of the industry since the 2013 study release and we feel confident about the continued growth of maritime in the years to come,” said Washington Maritime Federation Director Mark Gleason, in a news release.
With a local history going deeper than Elliott Bay’s murkiest depths, the region and state’s maritime business sector has been an instrumental piece of the economic puzzle going back to the first white settlers at Alki and in Georgetown.
The report found, looking at 2015 data, that the industry had actually shown a 2.4 percent growth in revenue since 2012.
The analysis included commercial fishing, shipping, support services, recreational boating and boatbuilding, commercial shipbuilding and maintenance, and passenger water transportation.
Jobs in the maritime trades have also grown since the 2013 report was released, increasing about 2.6 percent per year, according to the report. Those jobs have an average annual wage of $67,000. And for every job in the maritime industry, 1.8 jobs are supported secondarily.
“Our maritime industry continues to play a central role in Washington’s diverse, strong economy,” said Gov. Jay Inslee, in the news release. “Working waterfronts are sources of technological innovation and resilience, supporting good jobs and new business opportunities from the Pacific and Puget Sound coastlines to the Columbia River and beyond.”