The ocean economy is on a winning streak—sort of. Trade and innovation have fueled its rise, with marine industries swelling to 2.5 times their 1995 size. In 2023 alone, ocean goods hit a record $899 billion, and services topped $1.3 trillion. That’s a lot of seafood, tourism, and container ships. Yet, for all its growth, the sector faces an existential crisis. Climate change, weak governance, and financial neglect are pulling the rug out from under it, says
UNCTAD.
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