Value, Efficiency & Safety
In 2013, the U.S. maritime transportation system – harbors, ports, channels, locks, dams and waterways – delivered $1.75 trillion, or almost half, of U.S. foreign trade.
Oil is the largest commodity moved by water, which is the most efficient and cost effective form of transportation. Almost 42% of all waterborne trade in the U.S. in 2012 was comprised of crude or petroleum products.
Relative to other modes, maritime transportation of petroleum is incredibly economical due to its unparalleled efficiency. 1 gallon of fuel moves one ton of oil 6,842 miles via tanker.
Maritime transportation is also an extremely safe mode of transport. Since 1970, there has been a 98% reduction in oil spilled from tankers worldwide. This is due to the safety features of the vessels and the training of the crew.