INFOMERCIAL ENOC
ENOC Marine: Seizing opportunities to boost African marine industry
Attributed to HE Saif Humaid Al Falasi Group CEO, ENOC
Innovation and tech solutions are key in maritime industry. Over the years, the African marine industry has witnessed robust growth and has enormous potential to become a maritime hub for the world.
Africa is home to over 30 coastal countries, with a combined coastline of approximately 30,500 miles. This extensive coastline provides ample opportunities for the development of ports, shipyards, and other marine infrastructure. Further, the presence of natural resources, including oil and gas, minerals, and fish offer significant opportunities for the development of the marine industry, including offshore exploration and production, mining, and fishing.
According to the United Nations Conference on Trade and Development, in 2021, Africa’s maritime trade,
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including both goods loaded and discharged, amounted to 1.3 billion tons, a 5.6% increase over 2020. The continent accounted for 6.9% of total goods loaded and 5% of total goods discharged. In 2021, containerized South-South trades, such as Sub-Saharan Africa to Latin America and the Caribbean, accounted for 12.5%, and North-South, such as Africa to Europe, for 7.8%.
The African maritime industry is therefore crucial to the continent's trade and economic growth and is a key facilitator of global trade. With the majority of African countries being import-dependent, the development of efficient and reliable shipping routes is critical in creating sustainable and inclusive growth in cooperation with stakeholders from across the continent. Moreover, investing in
LUBEZINE MAGAZINE | JUNE 2023
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