The size of the global merchant marine fleet reached 1.23 billion in deadweight tonnage, or DWT, while global maritime trade volume reached 8.17 billion tons, according to recent figures.
The maritime sector may contribute greatly to employment through various activities, such as yacht building and marina services, in addition to shipping, according to Dologh.
“We want yachts from all around the world to roam in our beautiful seas,” Dologh said. “But we need to build more ports, more marinas and shipyards.”