Page 7 - Al-Rashed Newsletter May 2020

SHIPPING WORLD
BUILDING A STRONGER OCEAN ECONOMY

Ocean tourism can be given a stimulus Initialized by IMO 2020, world needs to
to grow in a sustainable way Bluer Reducing work on finding green alternatives and
zero emission fuels
emissions

Having smart technologies
in lieu of current practises Going How Supporting Dignified livelihood for the most
challenging workforce
manpower
about

No more single use plastics Benefit marine diversity, create more
jobs and reduce the carbon footprint
Doing Sustainability
ocean ecosystem

Maritime shipping has seen COVID-19-associated
COVID-19's impact is being felt at sea as well as drops in activity of up to 30% in some regions.
on land. Lockdowns and reduced demand for seafood have
The pandemic offers an opportunity to start seen fishing activity fall by as much as 80% in China
building a sustainable ocean economy fit for the and West Africa.
future. Globally, COVID-19's impact on tourism may amount
If the ocean were a nation, it would rank as the to a $7.4 billion loss and could put 75 million jobs at
7th largest economy in the world.
risk.

Source:

Aquaculture- farming of fish, crustaceans, molluscs, aquatic plants, algae, and other
organisms. Aquaculture involves cultivating freshwater and saltwater populations under
controlled conditions, and can be contrasted with commercial fishing, which is the harvesting
of wild fish.