A Hundred Companies Account for More Than Half of the "Blue Economy"

“The volume of goods transported by container shipping each year has quadrupled since 2000, and about 600,000 submarine cables have been laid on the seafloor in that time, which now carry almost all international telecommunications. The energy generated by offshore wind farms has increased 400-fold in the past two decades, and the volume of farmed seafood has grown by five percent on average each year.

During the same time period, most major discoveries of oil and gas deposits have been made offshore and around 500,000 square miles of the seabed has been leased for exploratory mining. There was practically no marine biotechnology sector at the turn of the millennium, but since then, more than 13,000 marine genetic sequences have been patented.

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In 2018, the 100 largest companies took an estimated 60 percent of all revenues in eight industries: offshore oil and gas, container shipping companies carrying many of the goods we buy, companies producing and processing seafood, offshore wind energy producers, cruise tourism operators, and a number of industries that support the wider ocean economy, including marine parts and equipment makers, shipbuilders and repairers, and port maintenance businesses.”