NAICS Code 48311 - Deep Sea, Coastal, and Great Lakes Water ...

NAICS 48311 - Deep Sea, Coastal, and Great Lakes Water Transportation

NAICS 48 - Transportation and Warehousing
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 483 - Water Transportation
  NAICS 481 - Air Transportation NAICS 482 - Rail Transportation NAICS 483 - Water Transportation NAICS 484 - Truck Transportation NAICS 485 - Transit and Ground Passenger Transportation NAICS 486 - Pipeline Transportation NAICS 487 - Scenic and Sightseeing Transportation NAICS 488 - Support Activities for Transportation NAICS 491 - Postal Service NAICS 492 - Couriers and Messengers NAICS 493 - Warehousing and Storage
  - NAICS 4831 - Deep Sea, Coastal, and Great Lakes Water Transportation
    NAICS 4831 - Deep Sea, Coastal, and Great Lakes Water Transportation NAICS 4832 - Inland Water Transportation
    - NAICS 48311 - Deep Sea, Coastal, and Great Lakes Water Transportation
      NAICS 48311 - Deep Sea, Coastal, and Great Lakes Water Transportation

This industry comprises establishments primarily engaged in providing deep sea, coastal, Great Lakes, and St. Lawrence Seaway water transportation. Marine transportation establishments using the facilities of the St. Lawrence Seaway Authority Commission are considered to be using the Great Lakes Water Transportation System.

Industry trends:

The "Deep Sea, Coastal, and Great Lakes Water Transportation" industry (NAICS 48311) is experiencing several qualitative trends. Firstly, there is a growing emphasis on sustainability and environmental responsibility. Companies are increasingly adopting greener technologies and practices, such as using low-sulfur fuels and investing in energy-efficient vessels, to reduce their carbon footprint and comply with environmental regulations.

Another trend is the digital transformation of the industry. The adoption of advanced data analytics, AI, and IoT is enhancing operational efficiency, improving route optimization, and enabling predictive maintenance of ships. This technological shift is aimed at reducing costs and increasing reliability in the face of volatile markets and global trade uncertainties.

The industry is also witnessing a shift in trade patterns due to geopolitical factors and global economic changes. Trade routes and partnerships are evolving, influencing the demand for different shipping services. Additionally, there is an increased focus on safety and security measures, reflecting growing concerns over piracy and other maritime threats.

In the near future, the industry is expected to see continued investment in automation and digitization, further enhancing operational efficiency. Sustainability initiatives will likely intensify, driven by stricter regulations and corporate responsibility commitments. Demand for specialized shipping services, such as LNG and offshore wind project logistics, is also projected to grow, indicating a diversification of service offerings within the sector.