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The Marine Institute, in partnership with the University of Galway's Socio-Economic Marine Research Unit (SEMRU), has published the latest report on the performance of Ireland's ocean economy, providing a comprehensive analysis of the sector's economic contributions and trends. Key Findings The report reveals that Ireland's ocean economy achieved a turnover of €6.5 billion in 2023, contributing €2.7 billion in Gross Value Added (GVA) and supporting approximately 39,000 jobs. Over the five-year period from 2019 (pre-COVID) to 2023, turnover increased by 20%, GVA rose by 31%, and employment grew by 8%, demonstrating the resilience and steady expansion of the country's marine industries. While the overall turnover and GVA showed moderate declines between 2022 and 2023, eight out of 13 marine sectors experienced growth, reflecting a robust post-pandemic recovery. Sectors such as Shipping, Sea Fisheries, Aquaculture, Seafood Processing, and the Gas industry faced specific challenges contributing to declines, but the broader trends point to a period of adaptation and innovation. Welcoming the report, Dr Rick Officer, CEO of the Marine Institute, stated: "I am delighted that the Marine Institute, in partnership with the University of Galway, has published Ireland's 2024 Ocean Economy Report. This report not only highlights the impressive economic contributions of Ireland's marine industries but also underscores their strategic importance in shaping a sustainable future for our country. Capturing detailed insights and trends, including measuring the economic value of our marine industries, is an important element of our work in supporting the Government with the best available evidence to inform policy. This collaboration, supported by the Central Statistics Office (CSO) and Bord Iascaigh Mhara (BIM), provides a robust analytical framework to inform marine and maritime planning and deliver equitable and sustainable ocean and coastal economies." Commenting on the findings, Professor Stephen Hynes, Director of SEMRU at the University of Galway, said: "It is clear from the data and trends that there is a continuing post-pandemic recovery across most sectors. This remains a period of transition for Ireland's ocean economy as marine industries innovate and respond to new policies and opportunities aimed at addressing the climate and biodiversity crises." Economic and Geographic Insights Ireland's ocean economy extends across 13 industries, each with distinct geographic concentrations. For example, international cruise activity is focused on ports and harbours, marine aquaculture is largely located on the West and South coasts, and the tourism sector - the most geographically widespread - supports enterprises and employment in all coastal counties. The latest demographic analysis from the CSO Census 2022 further underscores the importance of coastal economies, with over 60% of Ireland's population (3.2 million people) living in coastal areas. Future Outlook The report highlights the ongoing resilience of Ireland's marine industries in navigating global economic challenges and adapting to evolving policies on sustainability and climate action. It provides valuable data for policymakers, industry leaders, and community stakeholders to foster a sustainable and equitable future for coastal and ocean economies. Published every year, the report provides an update on Ireland's ocean economy across three main economic indicators: turnover, gross value added (GVA), and employment. The report also provides commentary on changes in Ireland's marine industries over a five-year and ten-year timeframe and presents a comparable analysis and representation of Ireland's ocean economy since 2010. The full report, Ireland's Ocean Economy, 2024, is now available on the Marine Institute's website at Ireland's Ocean Economy, 2024. This year, the report is also accompanied by an interactive data dashboard, Ireland's Ocean Economy Dashboard | Marine Institute.
The Marine Institute and the Socio-Economic Marine Research Unit (SEMRU) at the University of Galway are conducting a survey of marine and marine-related companies to produce Ireland's Ocean Economy Report for 2024. This survey, which takes place every two years, aims to collect data on economic activity that is not currently available from public data sources for six of the thirteen marine industries, namely: 1. Marine Retail Services; 2. Marine Commerce and Trade; 3. Seaweed, Marine Biotechnology and Bioproducts; 4. Marine Manufacturing, Construction and Engineering; 5. Marine Technology Products and Services; and 6. Marine Renewable Energy. The results of this survey will be used to generate figures for Ireland's Ocean Economy Report 2024 on three economic indicators: Turnover, Gross Value Added (GVA) and Employment, providing essential data to support marine planning in Ireland. Ireland's Ocean Economy Report 2024 will be the eighth in the ocean economy series, since it was first published in 2010. The Report is now updated on an annual basis with figures and trends on the performance of Ireland's ocean economy. The Marine Institute provides support to the Department of the Environment, Climate and Communications on Marine Spatial Planning in Ireland. Ireland's Ocean Economy Report 2023 is available on the Marine Institute's website: Ireland's Ocean Economy Report 2023. The accompanying dashboard is available on the Marine Plan website: MarinePlan.ie. Further information on the National Marine Planning Framework (NMPF) is available on the Government website: NMPF. The survey will be open during the months of August, and September with the results published later this year. The survey is estimated to take approximately 3 to 4 minutes to complete. If you have any queries, please contact the survey team at oceaneconomy@marine.ie. Complete the Survey: Ireland's Ocean Economy Company Survey 2024
For decades, the names John Risley and Clearwater Seafoods were practically synonymous. The story of Clearwater's founding is the stuff of legend in Atlantic Canada.It's a story of how John and his business partner Colin MacDonald started selling lobsters in a store on the Bedford highway in 1976 … and how they grew Clearwater into a global seafood giant. As the Chairman and CEO of CFFI Ventures, Risley has been involved in many other enterprises throughout his career – including telecommunications, space technology and green hydrogen – but Clearwater is what started it all.So it was big news when, in 2020, Clearwater was sold to a joint venture that included a coalition of Mi'kmaw First Nations. It was described as “the single largest investment in the seafood industry by any Indigenous group in Canada.”In a candid conversation with Goldy Hyder on the Speaking of Business podcast, John Risley recounts that historic sale, reflects on the business risks he's taken, and reveals why the world is now courting Atlantic Canada's ocean economy. Revealing and insightful conversations with Canada's top innovators, entrepreneurs and business leaders. Listen to more episodes here: thebusinesscouncil.ca
In this second full-length episode recorded live at the UN Ocean Decade conference we hear from participants in the second plenary session of the event, on Science and Solutions for a Sustainable and Resilient Ocean Economy. In the session—and in their conversation with Jon Baston-Pitt—Claire Jolly, from the OECD; Sergi Tudela, from Catalonia's regional government;...
This week the multi-part RESCUE series continues with a breakdown of a 2020 Report by the World Resource Institute High Level Panel for Sustainable Ocean Economy that offered some revised definitions and pathways toward a more sustainable future, including three fundamental questions as a framework for change: 1. How will a decision change the wealth on an ocean balance sheet, including all produced assets? 2. How will a decision change net national income or welfare, and how will those changes be distributed between different groups of people? and 3. How will the decision change ocean-based economic production and create new means to achieve social and economic goals?
This week the multi-part RESCUE series continues with a breakdown of a 2020 Report by the World Resource Institute High Level Panel for Sustainable Ocean Economy that offered some revised definitions and pathways toward a more sustainable future, including three fundamental questions as a framework for change: 1. How will a decision change the wealth on an ocean balance sheet, including all produced assets? 2. How will a decision change net national income or welfare, and how will those changes be distributed between different groups of people? and 3. How will the decision change ocean-based economic production and create new means to achieve social and economic goals?About World Ocean Radio 5-minute weekly insights dive into ocean science, advocacy and education hosted by Peter Neill, lifelong ocean advocate and maritime expert. Episodes offer perspectives on global ocean issues and viable solutions, and celebrate exemplary projects. Available for syndicated use at no cost by college and community radio stations worldwide.World Ocean Radio offers five-minute weekly insights that dive into ocean science, advocacy and education, hosted by Peter Neill, Director of the W2O, author, and lifelong ocean advocate. Episodes offer perspectives on global ocean issues, today's challenges, marine science and policy, and exemplary solutions. Available for RSS feed, podcast, and syndicated use at no cost by community radio stations worldwide.
Dr. Francisco Saraiva Gomes, Founding Partner, and Chief Investment Officer at Ocean 14 Capital, where they're investing in venture and growth companies and technologies that offer sustainable solutions for our ocean, whilst generating an attractive return for our investors. In this episode, we talk about: - Why is it important to pay attention to our oceans? - Biggest problem areas or sub-sectors in the ocean economy - Why only 9% of plastic is recycled? - Implications of Ocean warming - What are blue foods? - Exciting portfolio companies solving important problems & lots more Links mentioned: Ocean 14 Capital website - https://www.ocean14capital.com/ Follow Ocean 14 on Linkedin - https://www.linkedin.com/company/ocean-14-capital/ Follow Ocean 14 on Instagram - https://www.instagram.com/ocean14capital/?hl=en Full episode video at https://vc10x.com/ocean-14-capital
Fergal meets windsurfer Oisin Van Gelderen, who holds the Irish speed record for windsurfing. Norman Freeman has the story of how a Frenchman conducted an experiment to drift across the Atlantic on a dinghy and survived by living off the sea. And a new Study into Ireland's Ocean Economy has found that the sector shrunk during Covid.
Simone Smit is no stranger to the Branson Centre's podcasts (when you are done with this one, watch her break the United Nations' Sustainable Development Goals down here). In the first of our series of stories within our Ocean Innovation Challenge, Simone gives us a glimpse into the trends she has seen around existing innovations in the Ocean Economy. She talks about a Blue Awakening and it is thrilling! Stay tuned towards the end of this episode and find out what Simone's wishlist is for innovation for a sustainable ocean economy. The United Nations Development Programme's Accelerator Labs South Africa has partnered with the Branson Centre on a voyage of discovery about entrepreneur-led innovations that build a sustainable ocean economy. What is a sustainable ocean economy? Simone describes it as one that restores and protects the ocean whilst contributing to economic growth, job creation and the wellbeing of people. She tells us that there are no better dreamers than entrepreneurs, and so innovative entrepreneurs (and investors!) have an important role to play in building the equitable and sustainable future that we all want to be a part of. To learn more about the Ocean Innovation Challenge, visit our website. Join our Ocean Innovation Network to meet like-minded entrepreneurs, industry experts and access inspiring content.
Mpoomy Ledwaba sits down with Africa's first female dredge master Londy Ngcobo as they talk about her journey of becoming, the year of letting go and finding stillness.Capt. Londy is a Ship Navigator and Africa's First Female Dredge Master, who is passionate about Unlocking Africa's Ocean Economy. She has over 15 years of experience in the maritime industry. As a leader, mother, and wife herself, Londy's journey has equipped her with the ability to focus on providing sustainable tools for corporates, women and the youth. Do you want to be a Wisdom & Wellness Member?Join our family for exclusive content and be the first to know for any exciting things coming https://www.youtube.com/channel/UC72Q1TW6NVbcpt604NgX5KQ/joinSocial media resources:Instagram: https://www.instagram.com/wisdomwellness_/
This episode of The Weekly Tradecast explores how blue diplomacy can help protect our ocean with David Vivas, an UNCTAD legal officer working on trade and environment issues. The ocean and its ability to sustain life are in grave danger due to human activities, such as pollution and overfishing. This year's United Nations Ocean Conference held in Lisbon worked to chart a course for a Blue Deal to safeguard the economic and environmental sustainability of the seas. As Mr. Vivas says, with at least 3 billion people depending on marine resources for their livelihoods, it's crucial that we create a sustainable and resilient ocean economy that benefits us all.
We explore the ocean economy with the help of Henrik Österblom, science director at Stockholm University and also a professor of environmental sciences. and John Virdin, director of the ocean policy research program at Duke University's Nicholas Institute for environmental policy solutions. Henrik, John, and their team published a paper revealing the dominance of the ocean economy by 100 companies and what the implications are with that consolidation of power and resources.
When you think of the ocean, what comes to mind? Rolling waves and the soft pounding of the surf? Boating? Fishing? Cocktails at sundown? While you're relaxing and enjoying these sights and sounds, remember this: The ocean doesn't rest. In fact, it never stops working. Indeed, without our oceans and all they offer, life – as we know it – would not exist. Over 70% of our planet's oxygen is produced by the ocean. 90% of Earth's heat is absorbed by it. And because of the amount of carbon we humans dump into the atmosphere, the oceans are 30% more acidic than ever before. The changing temperature and make-up of our open waters is bad enough. But as if to add insult to injury, annually we dump eight million tons of plastic into the ocean, destroy tens of thousands of kilometers of coastal wetlands to make way for resorts and housing developments, and have so over-fished the seas that by 2048, all seafood, as we know it, will be gone, unless we do something about it. That's the bad news. Now here's the good news. The world is waking up to the power and importance of our oceans. We have science to thank for that, but also a rising consciousness among politicians and industrialists who see that failure to protect our oceans will most assuredly result in social and economic chaos. Nothing like the threat of losing power or profit to drive some positive behavior change. At the epicenter is Asia, which represents over 90% of global fish and seafood farming and almost half of all commercial fishing. Here to talk about oceans and the challenges we face is Jack Kittinger, a Senior Director at Conservation International and Head of it's Center for Oceans.
To execute transformative response to the challenges of the 21st century we will need a new style of leadership action: from governance and corporate consciousness to manufacturing, engineering and design, from research to education to new moral standards at all levels of society. What are the change agents that will allow us to realize change? What are the financial tools that will include equity and justice? This week on World Ocean Radio, part 44 of the BLUEprint Series, we discuss macro-ethics and leadership in the fields of engineering and the planning, design and construction of sustainable, socially responsible, environmentally sound and politically fair systems of development.The "BLUEprint Series: How the Ocean Will Save Civilization" outlines a new and sustainable path forward, with the ocean leading the way.
In this episode, as we prepare to usher in Youth Month in South Africa we'll be focusing on learning about different careers and what the journey to advancement and success really looks like. Kicking off this careers series, I chat to The BlaqMermaid, Captain Londy Ngcobo, about her journey to becoming a ship navigator, her experiences with carrying the weight of being Africa's first Woman Dredge Master, get the scoop on what drew her into a maritime career and what we don't know about the nature of the Ocean Economy and the opportunities it holds. Connect with Londy: @blaqmermaid Connect with me: sihlebolani.com / IG: @sihlebolani
We learn about the up and coming industry of seaweed. We’ll explore the positive environmental impacts it can have, and a local company that has already begun growing and cultivating on the Island. Get more stories like this in your inbox every morning by subscribing to our daily newsletter at CapitalDaily.ca And subscribe to us on our socials! Twitter @CapitalDailyVic Instagram @CapitalDaily Facebook @CapitalDailyVic
Women are underrepresented in the maritime sector, globally. Women represent only two per cent of the world's 1.2 million seafarers, and 94 per cent of female seafarers are working in the cruise industry. In the AfriCan continent, though women are well represented in the seafood supply chain, they are underrepresented in the decision-making process in the fisheries sector. In this months episode, we are discussing "Women in maritime: Towards an inclusive maritime sector in Africa". We are privileged to have Captain Londy Ngcobo, a Ship navigator and Africa's First Female Dredge Master, who is passionate about Unlocking Africa's Ocean Economy with us. Captain Ngcobo has over 13 years of experience in the maritime industry which has equipped her with the ability to focus on providing sustainable tools for women to thrive in scarce skills and her zest for life encourages the youth to think outside the box, with her Forbes Women Africa piercing the phrase "I didn't choose to be Rose from the Titanic, I chose to Captain the Titanic" and through her popular TEDx Talk "Anchors Aweigh, No Rest For The First". This Black Excellence Award-winning Woman in Scarce Skills is making waves on land as a maritime advocate, Director of Womaritime experts and founder of Global Maritime Youth All which has earned her the well-known title "The Blaqmermaid." Enjoy!
Just what is a sustainable ocean economy, and should we get excited about it? That is the subject of the first in a relaunched series of WRI podcasts that now goes under the name of “Big ideas into action”. Put simply, a sustainable ocean economy is one where humanity effectively safeguards marine and coastal ecosystems, uses ocean resources such as seafood in a sustainable way, and ensures that benefits from the ocean and ocean industries are shared fairly and can last into the future. We'll be bringing out one podcast a week for this first season of "Big ideas into action". You can also find us at www.wri.org/podcasts. For more about the sustainable ocean economy, go to www.oceanpanel.org or follow them on Twitter https://twitter.com/oceanpanel.
How - and why - do you build a sustainable ocean economy? WRI's Andrew Steer asks 4 experts affiliated with the High Level Panel for a Sustainable Ocean Economy (@OceanPanel on Twitter) what the transition to this would look like, and why it is so important for livelihoods, ocean life and the planet's climate. The speakers are Peter Thomson, Jane Lubchenco, Mary Ruckelshaus and Vidar Helgesen. 14 national leaders are part of the Ocean Panel. Together their countries account for 30% of the world's coastlines, 20% of the world's shipping fleet and 20% of the world's fisheries, and they are building momentum toward a sustainable ocean economy, where effective protection, sustainable production and equitable prosperity go hand-in-hand. The Blue Paper featured is 'The ocean transition: what to learn from ocean transitions' - please go to oceanpanel.org for more.
As the global economy slows and the search for new areas of growth becomes more intense, many countries are looking beyond their coastline to the vast, untapped potential of the sea. The “Ocean Economy” is now attracting attention from governments, businesses and investors, not only in traditional industries like fishing and shipbuilding but also in new areas like biotech and robotics. Integration is the watchword and one country, Portugal, is now taking this seriously enough that its government has even established a Ministry of the Sea. For this edition of Global Business Tanya Beckett visits first Lisbon, where the ships they built half a millennium ago sent explorers across the Atlantic and round the Cape to bring home riches from South America, Africa and India; and then Leixoes, an Atlantic Ocean port where a cluster of technology enterprises combines with the local fishing industry and an ocean cruiser terminal in the embodiment of the integrated model that represents the Ocean Economy today. Presenter: Tanya Beckett Producer: Tim Mansel Picture Credit: BBC
Prior to 2016, no proper study had been done around the economics of the ocean. At the time, the ocean economy was estimated at $1.5 trillion and expected to reach $3 trillion by 2030. In fact, the ocean has the potential to solve several of humanity's biggest problems, and the opportunities in ocean tech are as vast and deep as the ocean itself. Liané Thompson is the cofounder and CEO of Aquaai, a B2B startup using AI, computer vision, machine learning and biomimicry to create ecofriendly robotic fish to monitor below the surface and gather sophisticated data from the ocean. Prior to Aquaai, Liané spent 20 years in media, serving as a radio reporter, video journalist, TV producer and media executive. Today, Liané joins us to explain the work they do at Aquaai, sharing how she made the jump from journalist to ocean tech entrepreneur. She shares her approach to climate deniers and walks us through Aquaii's evolution as a business. Liané also discusses the team's decision to form a company rather than a nonprofit and what differentiates Aquaai from the traditional Silicon Valley startup. Listen in for insight around the economics of the ocean and learn about the vast opportunities in the ocean tech space. Topics Covered The work Aquaai does Robotic fish gather data from ocean ‘Intelligence below the surface' How Liané got into the ocean tech space Met Simeon (‘Q' of Israel) as journalist Promise to his daughter to save seas The evolution of the Aquaai clownfish First iteration 12 inches long (auto Tweet photos) Current 1.5-meter fish gathers sophisticated data Swim in fish farms supplying salmon to Whole Foods Liané's transition from journalist to entrepreneur Desire to keep learning after return to US Idea to turn promise to Emily into business Liané's response to climate deniers Encourage to read, observe extreme weather More concerned with educating people on fence The Aquaai trajectory as a company Early interest from global reinsurers Reached out to fish farmers (pilot partners) The greatest challenges in the ocean tech space Underwater conditions (salty, cold + can't see) Technology unbelievably expensive How Aquaai differs from a typical Silicon Valley startup Not MIT or Stanford scientists Tough and experienced Aquaai's decision to form a company rather than a nonprofit No desire to ask for money entire career Found their people in B2B aquaculture The economics of the ocean At least $1.5T in 2016, $3T by 2030 Solve food, water and energy problems Liané's 10-year vision for Aquaai Key in changing perception and behavior Channel to show ‘good, bad and ugly' Connect with Liané Aquaai https://www.aquaai.com/ Aquaai on Twitter https://twitter.com/aquaaicorp Aquaai on Facebook https://www.facebook.com/Aquaai/ Aquaai on LinkedIn https://www.linkedin.com/company/aquaai-corp/ Liané on LinkedIn https://www.linkedin.com/in/lianethompson/ Liané on Twitter https://twitter.com/lianethompson Resources The Fish on My Plate Documentary http://pbsinternational.org/programs/fish-on-my-plate-the/ ‘The Ocean Economy in 2030' by Claire Jolly https://www.oecd.org/sti/ind/Session%201_b%20-%20Claire%20Jolly%20-%20Web.pdf Connect with Boost VC Boost VC Website https://www.boost.vc/ Boost VC on Facebook https://www.facebook.com/boostvc/ Boost VC on Twitter https://twitter.com/BoostVC
Launching a Mobile Age for the Ocean Economy with Matt Mulrennan, Director of the Ocean Initiative at the XPRIZE Foundation. Learn about how the XPRIZE Ocean Initiative is inspiring solutions to the oceans grand challenges. Hear from winning teams in XPRIZE's Big Ocean Button Challenge – a mobile app development competition to turn ocean data into the services we need. Modertated by Matt Mulrennan Panelists: Jonsen Carmack, SeaStatus & Nik Strong-Cvetich, Save The Waves Coalition
The Indian Ocean Rim Association (IORA) Council meetings continue in Durban, KwaZulu Natal, with women empowerment through the blue or maritime economy as one of their core focuses. The meetings aim to encourage trade among IORA's 21-member states, in a range of sectors, including the tourism industry. At least one bed-and-breakfast owner in the host city says the challenges they face extend way beyond policy. Sithakazelo Dlamini filed this report from Durban….
Nathan Johnson and I co-host Ocean Talk Friday again to discuss this past week's important articles. I love doing these episodes because Nathan and I get to chat about all things Ocean. The best thing about talking about these Ocean articles is to get the ideas flowing and hopefully come up with solutions as a community. So thanks for listening! Here are the articles: 1) We revisit a new aquaculture techniques that will benefit the Ocean and contribute to reducing climate change; 2) Some people think that Canada can become an Ocean Economy super power; 3) Seagrass is important and some people want you to know about it; and, 4) China is building islands for military bases and could be destroying the environment. Are you looking to change the way you eat for a better health and environment? Start using Arbonne nutrition and health care products that are all natural and environmentally friendly. I use them all the time and their nutrition line has transformed the way I eat and my health. Email me today, andrew@speakupforblue.com to find out how you can transform your health. Looking to transform your health and wellness using Arbonne products? Learn about our starter package to get you living for a better Ocean by contacting me at andrew@speakupforblue.com.
In this episode, we talk with a NOAA economist about our ocean economy and how, no matter where you live in the United States, you are connected to our ocean economy. Episode permanent link and show notes
Ten years after Hurricane Katrina, we’re speaking with two pollution responders from NOAA’s Office of Response and Restoration who were working in Louisiana in the wake of these destructive storms. First, we’re speaking by phone with Charlie Henry, who at the time was NOAA’s primary scientific advisor to the Coast Guard in New Orleans and who today serves as Director for NOAA’s Gulf of Mexico Disaster Response Center in Mobile, Alabama. Dive into our latest podcast. Episode permanent link and show notes
Ten years after Hurricane Katrina, we’re speaking with two pollution responders from NOAA’s Office of Response and Restoration who were working in Louisiana in the wake of these destructive storms. First, we’re speaking by phone with Charlie Henry, who at the time was NOAA’s primary scientific advisor to the Coast Guard in New Orleans and who today serves as Director for NOAA’s Gulf of Mexico Disaster Response Center in Mobile, Alabama. Dive into our latest podcast. Episode permanent link and show notes
In South Africa there seems to be much hype around the government’s new pet project, named ‘Operation Phakisa’, which aims to unlock the ocean economy. Kevin James gives us his thoughts on this initiative and whether he believes it will indeed be as beneficial as they are claiming:
Dive into our ocean economy in our latest podcast. We talk with NOAA economist Jeff Adkins to understand how we all benefit from our ocean economy. Episode permanent link and show notes
Dive into our ocean economy in our latest podcast. We talk with NOAA economist Jeff Adkins to understand how we all benefit from our ocean economy. Episode permanent link and show notes