Capital Expenditure Survey For U.S. Ports Published

The Maritime Administration has released a report, "United States Port Development Expenditure Survey." The study analyzes 1973-78 capital expenditure data for marine terminal facilities in p r i n c i p a l ports of the United States and includes projections through 1983.

By using data from previous studies, the new survey provides a 38-year picture of past and future capital requirements for such facilities in the American port industry.

Among its major findings, the study showed that: (1) Approximately $5 billion has been invested in the construction and modernization of pier and wharf facilities in U.S. ports since the end of World War II; (2) U.S.

ports expended a p p r o x i m a t e ly $1.6 billion to expand and improve marine terminal capacity between 1973-78; (3) A large portion of the increase in port development can be attributed to increasing use of containerization and other utilized forms of cargo handling which have transformed a traditionally labor-intensive industry into a c a p i t a l - i n t e n s i ve one; (4) Large investments in bulk cargo facilities are projected between 1979 and 1983, with particular emphasis on offshore crude oil receiving facilities off the Gulf Coast.

The 45-page publication updates a 1973 study. Copies of the new survey are available from the Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. The stock number is 003-007-00100-2; the cost $3.25.

Maritime Reporter Magazine, page 36, Apr 1980

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