Stockholm university

Inside the Ocean 100 – small group of wealthy sea-based companies worth as much as Mexico

As the industrialisation of the ocean continues apace, it risks transforming marine ecosystems, and consuming the shared spaces of one of the world’s largest and oldest employers – small-scale fisheries. A new article in The Conversation discusses that a relatively small number of companies generate most of the revenues from using the ocean.

Inside the Ocean 100, article from The Conversation. Photo: Marek Stepan/Alamy Stock Photo
Inside the Ocean 100, article from The Conversation. Photo: Marek Stepan/Alamy Stock Photo


The article is published in The Conversation on March 1 by John Virdin, Director, Ocean Policy Program, Duke University, Henrik Österblom, Professor of Environmental Science, Stockholm University, and Jean-Baptiste Jouffray, Postdoctoral Researcher in Marine Ecology, Stockholm University.

They write:
“In 2018, the 100 largest companies took an estimated 60% 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.
This group of companies – the Ocean 100 – generated US$1.1 trillion (£789 billion) in 2018, equivalent to the GDP of Mexico – the 15th largest economy in the world. While dominated by offshore oil and gas (47 of the 100 companies), most of the revenue was generated by just a handful of companies in each of the eight industries. The ten largest companies generated 45% of all revenues on average.”

Read the article published in The Conversation:
https://theconversation.com/inside-the-ocean-100-small-group-of-wealthy-sea-based-companies-worth-as-much-as-mexico-153165

Read more about the collaboration between Stockholm University and The Conversation and how to pitch an article idea: https://www.su.se/staff/services/information-communication/pitch-an-article-idea-for-the-conversation-1.462268

More articles in The Conversation by researchers at Stockholm University: https://theconversation.com/institutions/stockholm-university-1019

 

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