The Shipping Repair Industry

Paper Summary:

This paper examines how the shipping repair sector is affected by many macroeconomic variables, since it plays a vital role in transportation, which acts as a liaison for international trade and growth sectors. The paper looks at how changes in macroeconomic policies have a direct impact on the activities within the shipping sector and how the interconnectedness of this particular industry makes it important to the overall sustenance and development of the economy.

Outline:
Overview of the Shipping Repair Industry
Macroeconomic Variables that Affect the Shipping Repair Industry

From the Paper:

"Ship repair activities make a substantial contribution to most economies that they are a part of. In fact, the United States (U.S.) ship repair sector in 2001 contributed to the economy by increasing U.S. output by $11 billion, creating over 147,000 jobs, increasing personal income by $9.4 billion, and increasing tax revenues by $3.4 million, (LECG, 2002, p.1). There are some key industry related activities that affect the ship repair industry. These variables in turn are connected to various macroeconomic variables, (Ocean Shipping Consultants, 2002, p.1). "

Sample of Sources Used:

• Environmental Protection Agency (2006). Sectors Strategies Performance Report, 2006. Retrieved January 31, 2007 from http://www.epa.gov/ispd/pdf/2006/shipbw.pdf
• LECG, LLC (2002).The Economic Contribution of the U.S. Commercial Shipbuilding Industry. Washington D.C.: Shipbuilders Council of America. Retrieved Jan 30, 2007 from bhttp://www.shipbuilders.org/publications/econcontr_shipbuilding.pdf
• Ocean Shipping Consultants (2002). Ship Repair: Major Changes Ahead. England: Ocean Shipping Consultant Limited. Retrieved on January 31, 2007 from http://www.osclimited.com/releases/SHIPREPAIR.PDF
• Thorpe, Alan (n.d.). "Finding the Bargains (Without Deviating)". MarineLog.com. Retrieved on January 30, 2007 from http://www.marinelog.com/DOCS/PRINT/aat1.html
• U.S. Bureau of Labor, Bureau of Labor Statistics, Current Employment Statistics Survey, Manufacturing Industry NAICS Code used: 336111 (Ship building and Repair), as accessed on January 31, 2007, available at http://www.bls.gov/data/home.htm.

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