US Marine Economy Worth $432 Billion in 2021
America’s marine economy contributed $432 billion in economic impact in 2021, making up nearly 2% of the nation’s gross domestic product (GDP).That is according to the most recent statistics from the annual Marine Economy Satellite Account released by two Department of Commerce agencies —NOAA and the Bureau of Economic Analysis (BEA). The marine economy statistics include activities in the US ocean, coasts and major water bodies such as the Great Lakes, Puget Sound and Chesapeake Bay.From 2020 to 2021…
Australia’s Marine Economy Grew Through COVID
The economic output of Australia’s marine industry continued to grow despite the effect of the COVID-19 pandemic restrictions on some sectors, a new report released by the Australian Institute of Marine Science (AIMS) shows. The AIMS Index of Marine Industry 2023 is the latest assessment of the contribution of Australia’s marine sector to the national economy, using data from the 2018-19, 2019-20 and 2020-21 financial years. It reveals that Australia’s marine industry had a total output of A$118.5 billion (US$774 million) and supported 462…
IMCA Names Andy Seymour as Board Member
The International Marine Contractors Association (IMCA) has added Andy Seymour, global director of operational excellence at Fugro NV in the Netherlands, to its governing board.Seymour has a technical background coupled with financial, commercial and management expertise. He started his career at Fugro as a field surveyor progressing to shore based management positions including country manager and regional director.In 2018 he moved into a corporate role as deputy division director and in 2019 was appointed into his current roles as Global Director Operational Excellence. He holds a first-class honors degree in Civil Engineering.Fugro has been a strong supporter of IMCA for many years.
