100 Companies Are Responsible From More Than Half of the “Blue Economy”

23 March 2021. by

Since 2000, the extend of goods carried by container forwarding each year has had fourfold and at the same time, approximately 600,000 submarine cables have been placed on the seafloor which now includes nearly all international telecommunications. The energy produced by the open sea wind areas has raised 400-fold in the past twenty years and the capacity of farmed seafood has up by five per cent on average every year.

 

Most main explorations of oil and gas deposits have been made in the open sea and almost 500,000 square miles of the seabed has been rented for researching mining in the same period. At that time, there wasn’t actively marine biotechnology sector however after that 13,000 and more marine genetic sequences have been got patent.

 

Enlargement of ocean-based companies was called the blue pickup since 2000. As the industrialisation on the ocean maintains quickly, it has risk on the marine ecosystem and using up the part spaces of one of the world’s largest and quarter fisheries.

 

On this point, an important question that who is driving this dangerous enlargement in the ocean economy? The latest research has shown that small industries compose most of the incomes from the ocean. In Data from 2018, the 100 largest industries got 60% of all incomes in eight companies which have used open sea oil and gas, container shipping industries transporting many kinds of goods people buy them and some industries support the enlargement ocean economy especially marine parts and equipment makers, shipbuilders and repairers, and port maintenance businesses.

 

These companies constituted $ 1.1 trillion in 2018, balanced to the GDP of Mexico, the 15th greatest economy in the world. Whereas 47 of 100 companies controlled offshore and gas, the biggest pie of income was composed of only a handful of industries. The ten biggest companies created 45 % of all income on average.

 

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