KEY INSIGHTS

· The Maritime Economy contributes $373 billion to our U.S. gross domestic product.

· Most goods — about 80 percent — are transported by ship.

· Additional ferry routes, new terminals & faster, smaller boats are driving a new era of water transportation and development in 2024 and beyond.

· Hydrogen, methane, and electrification are among the technologies transforming maritime transport. New designs, materials, and build techniques are also significant.

· As of March 2022, there were were 22 signatories to the Clydebank Declaration, creating Green Shipping Corridors to reduce maritime fuel emissions.