NOAA Supports Puerto Rico Maritime Economy

The Port of San Juan, which is experiencing a tremendous growth of maritime traffic and planning for more, received an additional economic boost today when NOAA debuted a new nautical chart that will make ocean-going vessel traffic safer and more efficient through San Juan Bay and the port area.

During the past 20 years, the Port of San Juan has seen a three-fold increase in the amount of maritime traffic, making San Juan the largest port in the Caribbean region. Puerto Rico exports chemicals, electronics, apparel, canned tuna, rum, beverage concentrates, and medical equipment, and their more than $6 billion of waterborne foreign trade is positioned to expand with planned Panama Canal improvements scheduled for 2014.

Analysis

With the execution of Walmart and other multinational companies, it's easy to forget that most of our food, clothes, and merchandise arrive to Puerto Rico on a boat. It's slower than planes, but costs a fraction. Any company squeezing out every drop of profit will almost always choose cheaper over more convenient. Let me tell you folks. It takes a lot of boats to deliver $6 billion worth of goods.

Flickr Creative Commons Contributor: manual crank