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13.04.2016 04:24 Age: 2 yrs
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By: Tim Moltmann

Blue economy on the global agenda

IMOS Director, Tim Moltmann, has recently returned from two international ocean science and technology conferences at which the blue economy has been a headline issue. The 2016 Ocean Sciences Meeting in New Orleans and Oceanology International in London both clearly demonstrated that the Blue economy is a global agenda.


Australian Blue economy infographic from National Marine Science Plan 2015–2025

The 2016 Ocean Sciences Meeting was held in New Orleans during February, with over 4,000 ocean scientists in attendance. Dr Rick Spinrad, Chief Scientist of the National Oceanic and Atmospheric Administration (NOAA) gave a nice ‘over the horizon’ talk in which he suggested that there are three dimensions to the blue economy. 

There is the ‘traditional’ blue economy which includes fisheries and aquaculture, offshore oil and gas, ports and shipping, marine tourism and so on. In Australia we have valued the ‘traditional’ blue economy at $47.2 billion per annum and growing.

Then there is ‘hidden’ blue economy which picks up engineering firms, consulting firms and the like.  Businesses that have diversified client bases but with a strong footprint in the marine sector.

And then there is ‘emerging’ blue economy. This will be “service based, information dependent, and prediction critical” said Dr Spinrad. Much as we’ve seen a ‘weather enterprise’ emerge over the last decade, the ‘ocean enterprise’ is coming.

Coinciding with Ocean Sciences 2016, U.S. IOOS® along with NOAA released the Ocean Enterprise Study – A Study of US Business Activity in Ocean Measurement, Observation & Forecasting.

Zdenka Willis, Director of the U.S. IOOS® Program Office at NOAA, noted in her Foreword to the Study Report that  “As the Blue Economy – the use of the oceans – expands in the coming decade so too will the need for ocean data and information. As a part of the wider ‘Blue Tech’ industry, the Ocean Enterprise is set to be a growing sector, delivering increasing benefits to the U.S. economy and U.S. employment.” 

The Ocean Enterprise Study identified:

  • More than 400 firms in the United States as operating in the sphere of Ocean Enterprise.
  • The Ocean Enterprise generated $7B (USD) in revenue annually.
  • 86% of businesses have been operating 5 or more years in the Ocean Enterprise. More than 54% of them expect growth in their Ocean Enterprise business in the next year.

Oceanology International (OI) is billed as “the world's premier event for marine science and ocean technology”.  OI 2016 was held in London during March. 

Tim Moltmann delivered the keynote in a session entitled “Marine Technology and Services Sector Role in the Blue Economy”. His talk, “From Observation to Impact – An Australian Perspective on Development of the Blue Economy”, drew heavily on recent experiences in creating the National Marine Science Plan and establishing the Forum for Operational Oceanography (FOO). Feedback from the international audience in attendance was that Australia is very much ‘on the right track’ with these initiatives.

Constructive discussions were held with counterparts leading the UK's efforts in operational oceanography.  The Institute of Marine Engineering, Science & Technology (IMAREST) has established an Operational Oceanography Special Interest Group (OOSIG) and they are keen to collaborate with Australia’s FOO.