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IMAGE: Revenue share accounted for by the 10 largest companies in each of the eight core industries of the ocean economy. Outer band indicates the respective industry total revenue in 2018. view more
Credit: Science Advances
For the first time, scientists have identified the 100 transnational corporations (see table) extracting the majority of revenues from economic use of the world s ocean.
Dubbed the Ocean 100 , the group of companies generated US$1.1 trillion in revenues in 2018, according to the research published in the journal
Science Advances. If the Ocean 100 was a country it would be the 16th largest on Earth, said Henrik Österblom, a co-author on the study from Stockholm Resilience Centre at Stockholm University. By revenue, the Ocean 100 is equivalent to the GDP of Mexico.