Navigation in the Mediterranean Sea down 9% due to the war in Ukraine

Chairman of the Alexandria Chamber of Commerce in Egypt, Ahmed al-Wakil, said maritime traffic in the Mediterranean Sea had fallen by 9% due to the Russian-Ukrainian war.

He added that Mediterranean countries have lost 11% of their gross domestic product, which comes from more than 340 million tourists – almost a third of the world’s total tourism – the majority of which is beach and sea tourism.

Global trade has shrunk by around 30%, he said, impacting trade flows across the Mediterranean – accounting for around 25% of global shipping volume.

President of the Arab Academy of Science, Technology and Maritime Transport, Ismail Abdel-Ghaffar, said it has become clear that the trend towards a sustainable blue economy is one of the important means of post-crisis recovery. coronavirus pandemic and its consequences.

These remarks were made during the 11th International Maritime and Logistics Conference (MARLOG 2022), organized by the Arab Academy of Science, Technology and Maritime Transport, under the slogan “Towards a sustainable blue economy”.

The blue economy has various components, including established traditional ocean industries such as shipping, fishing, as well as new areas, such as offshore renewable energy, seabed mining, aquaculture and marine biotechnology.

The blue economy contributes to climate change mitigation by developing offshore renewable energy, decarbonizing maritime transport and greening ports

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