One industry that is often overlooked in this discussion is the U.S. shipping industry, which is experiencing a boom of its own as demand increases for the ability to move oil and liquefied natural gas between U.S. ports or overseas. The US mandates that all goods moved from one U.S. port to another – as much crude oil must be in order to be refined – be carried on vessels that are built and flagged in the United States. U.S. shipbuilders are having a field day attempting to fill this and are experiencing their largest boom in more than 2 decades.
And the boom cascades on down to the ports that service and supply the ships. Six months ago the Port of Houston surpassed the port of New York City to become the nation’s top export market.