Ocean 100: Profits from world’s seas dominated by 100 companies

Just 100 companies account for most of the profits from the world’s seas, researchers said on Wednesday, calling on them to help save the oceans from over-fishing, rising temperatures, and pollution.

Together, the companies generated $1.1 trillion in revenues in 2018, or about 60% of the total, according to a study that sets out for the first time which firms profit the most from marine industries.

Oceans play a critical role in capturing planet-warming gases, absorbing around 25% of all carbon dioxide emissions. But environmentalists say much more needs to be done to protect them.

“There’s so much talk about the need for sustainable oceans… but there’s very rarely a conversation about who it is that needs to do the job,” said Henrik Osterblom, who co-authored the paper published in the journal Science Advances.

“We have identified who has power to influence the future of the oceans,” Mr. Osterblom, science director at the Stockholm Resilience Centre, told the Thomson Reuters Foundation.

“Just knowing who they are is the first step in getting them involved in what needs to be done.”

The team of researchers including Mr. Osterblom and environmental experts at Duke University in the United States focused on eight sea-based industries ranging from container shipping to seafood production and offshore wind.

The “Ocean 100” list was topped by offshore oil and gas giants including Saudi Aramco and Brazil’s Petrobras, with only one firm from outside the industry, Danish shipping company A.P. Moeller-Maersk, making the top 10.

It could help inform government policies as well as direct environmental groups seeking to push business towards greener practices, Mr. Osterblom said.

“One of our biggest challenges is to sustain healthy ocean ecosystems as economic use increases and climate impacts accelerate,” said Daniel Vermeer, director of Duke University’s Center for Energy, Development, and the Global Environment.

“This study confirms that a relatively small number of companies will be central to this challenge, and have a real opportunity for leadership.” — Umberto Bacchi/Thomson Reuters Foundation

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top
Get In-depth Understanding Of The Stock Markets With The Top Headlines Emailed Directly To You Every Day.
We follow a strict anti-spam policy. You may cancel your subscription at any time.